TalkTalk to be taken private for $1.5B | Light Reading

Independent directors at UK broadband provider TalkTalk, as well as chairman and largest shareholder Charles Dunstone, have accepted a non-binding and preliminary £1.1 billion (US$1.5 billion) takeover bid that will see the company delist from the London Stock Exchange (LSE).

Ownership, should the deal go ahead, will fall into the hands of Hedge fund Toscafund Asset Management (TAM) and private equity firm Penta Capital, which created “Tosca Penta” as a separate entity to carry out the acquisition.

Source: TalkTalk to be taken private for $1.5B | Light Reading