Deutsche Telekom rises on offering despite rumors
Article Abstract:
Deutsche Telekom AG saw its share value increase by 2.2% following a secondary offering of shares. However, a possible stock-price manipulation and concerns about acquisition targets kept enthusiasm in check. Deutsche Telekom issued 285.9 million new shares for a price of 39.50 euros. There were rumors claiming that banks and investment funds got rid of their Deutsche Telekom shares to bring about a better price for the secondary offering.
Comment:
Share value increases by 2.2% following secondary offering of shares
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Deutsche Telekom plans capital increase for June
Article Abstract:
Deutsche Telekom will announce a capital increase worth as much as 11.9 billion euros ($12.8 billion). The offering in its entirety will be for institutional and individual investors in Germany and overseas as the government of Germany will announce that it will not subscribe to the capital increase. The government owns 72% of Deutsche Telekom's capital. The company's capital increase is scheduled to take place in June 1999.
Comment:
To announce capital increase worth as much as 11.9 billion euros ($12.8 billion)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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