More than $11 billion has reportedly been offered by a financial consortium for Danish telecom TDC.
The consortium of five investors led by Apax did not disclose the amount of its offer late Thursday; however, the Financial Times said the reported $11.5 billion offer would make TDC one of the world's largest leveraged buyouts.
Apax and its partners have been aggressively pursuing TDC through its Nordic Telephone entity. Other well-heeled firms have also been eyeing TDC, raising the possibility Thursday's offer could be challenged in the near future, the Times said.
TDC is based in Denmark, but also is a major telecom provider in Switzerland and has interests in communications companies in northern Europe.
Copyright 2005 by United Press International
Related stories:
Europe's telecoms remain on toes
The rapid change in Europe's telecommunications industry stepped up further as Swisscom acknowledged Wednesday it was in talks with Ireland's Eircom for a potential buyout.
Scientists discover why flies are so hard to swat
Over the past two decades, Michael Dickinson has been interviewed by reporters hundreds of times about his research on the biomechanics of insect flight. One question from the press has always dogged him: Why are flies so hard to swat?
New media army descends on convention
A new media army has descended on the Democratic convention in Colorado this week, boldly claiming to offer a fresh perspective on US politics distinct from the mainstream media.
New evidence debunks 'stupid' Neanderthal myth
Research by UK and American scientists has struck another blow to the theory that Neanderthals (
Homo neanderthalensis) became extinct because they were less intelligent than our ancestors (
Homo sapiens). The research team has shown that early stone tool technologies developed by our species,
Homo sapiens, were no more efficient than those used by Neanderthals. Published today (26 August) in the
Journal of Human Evolution, their discovery debunks a textbook belief held by archaeologists for more than 60 years.
More Can Be Done to Combat Childhood Obesity
School officials and parents concerned about childhood obesity should look to national guidelines that recommend 60 minutes of exercise per day, according to public health officials. A new report issued this week showed that adult obesity rates rose in 37 states, and all states except Colorado now report obesity rates higher than 20 percent.
Alexander technique offers long-term relief for back pain
Alexander technique lessons in combination with an exercise programme offer long-term effective treatment for chronic back pain, according to a study published on BMJ.com today.
Some eBay sellers frustrated with rule changes
(AP) -- Some people who sell things on eBay are fed up with new rules the company has been imposing in hopes of making the auction site more attractive to online shoppers. Now even more changes are coming in the next few weeks, but this time eBay Inc. hopes it can cool tempers.
'Chilling' hardship rates among families raising disabled children
Families with disabled children are struggling to keep food on the table, a roof over their heads, and to pay for needed health and dental care. But according to a new study from the University of North Carolina at Chapel Hill, these challenges are now falling on middle-income households and not just on poor families as previous research has found.