IHS Holding (IHS) has tapped JPMorgan (JPM) for advice regarding an escalating standoff with its biggest investors over how the African tower operator is run, Bloomberg’s Loni Prinsloo reports, citing people familiar with the matter. The move comes as management is concerned that governance changes sought by MTN Group and Wendel SE, which combined own roughly 45% of IHS, could initiate a hostile takeover, the author notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on IHS: