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Nordic Telephone Company's Bid for TDC
El-Hage, Nabil N.; Lurie, Mark; Pierson, Leslie S.Case HBS-207122-EFinanceNordic Telephone Company, formed by a consortium of private equity firms, has made a public tender offer for Denmark's leading telecommunications company, TDC. TDC's board of directors approved the take-private transaction, and 88% of shareholders have accepted the offer. Nordic Telephone must gain 90% of TDC's shares to force compulsory redemption under Denmark law. However, a pension fund that held 5.5% of the outstanding stock has rejected the...Starting at €8.20