Waterland Plans Higher Offer for Gamma Communications Than Epiris's Bid
Shares of Gamma Communications (LSE:GAMA) advanced 2.1% to 1,180 pence on Monday following reports that Dutch private equity firm Waterland intends to submit an offer for the company.
The Sunday Times reported over the weekend that Waterland's proposed bid would surpass the £1.08 billion ($1.46 billion) offer made by Epiris.
Gamma Communications has halted its share repurchase and dividend payout program.
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