Reported about 24 hours ago
I Squared Capital is reportedly close to making a buyout offer for HKBN Ltd., possibly initiating a bidding war with China Mobile Ltd., which previously expressed interest in acquiring the Hong Kong-listed broadband provider. Following its due diligence that began in December, I Squared is assessing potential deal synergies and may submit an offer between HK$5 and HK$6 per share soon. The recent news has led to a significant rise in HKBN's share price.
Source: YAHOO