BT jumps on takeover defence reports

A prolonged sell-off has left the telecoms group vulnerable to a hostile takeover bid - but the government would demand a pound of flesh from any potential suitor

August 22, 2020

by Mark Robinson

Shareholders in BT (BT.A) saw the value of their stock increase by 9.5 per cent, after Sky News revealed that the telecom provider’s board had requested Goldman Sachs (NYSE: GS) to update its takeover defence strategy against any potential bid.

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