T-Mobile Said To Reject Iliad's Request For Information

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T-Mobile Said To Reject Iliad's Request For Information

by Wochit 0:39 mins

T-Mobile Said To Reject Iliad's Request For Information

by Wochit 0:39 mins

Sources said, T-Mobile denied Iliad's request to open its books after determining that the French company's proposed $15 billion bid isn't attractive enough. Iliad made the surprise proposal for 56.6% of T-Mobile last week and asked T-Mobile for access to its confidential financial information so that it could conduct due diligence toward a formal offer. Sources said unless Iliad improves its terms, however, T-Mobile doesn't intend to allow the company to conduct due diligence or grant access to its management.

Wochit

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