Telefónica extends offer for CTC to Jan. 6

By Lisa Kerner

Charlotte, N.C., Dec. 16 - Telefónica, SA extended its tender offer for all of the outstanding shares of series A common stock and series B common stock of Compania de Telecomunicaciones de Chile SA in the United States to 3:30 p.m. ET on Jan. 6.

The offer also includes all of CTC's outstanding American Depositary Shares each representing 4 series A shares, according to a Telefónica news release.

Telefónica said its concurrent tender offer in Chile for all outstanding shares of CTC is also extended to Jan. 6.

Both the U.S. and the Chilean tender offers were originally scheduled to expire at 3:30 p.m. ET on Dec. 31.

It was previously reported that Telefónica indirectly owned 96.75% of CTC.

Based in Madrid, Telefónica provides fixed and mobile telephony services through telecommunications networks in Spain, Europe and Latin America. CTC is a Santiago, Chile, telecommunications company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.