Telefonica SA (TEF) has released an update.
Telefónica SA announces that the Management and Supervisory Boards of Telefónica Deutschland recommend shareholders to accept the public delisting acquisition offer made by Telefónica. This move aims to acquire all outstanding shares of Telefónica Deutschland not already held by the parent company. The full details and terms of the offer are outlined in the official offer document approved by the German Federal Financial Supervisory Authority.
For further insights into TEF stock, check out TipRanks’ Stock Analysis page.
