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Stock impact report

Axiata, Sinar Mas Merge Indonesia Units in $6.5 Billion Deal [Yahoo! Finance]

PT Telekomunikasi Indonesia, Tbk (TLK) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Brace for a Nationwide Shuffle of Corporate Headquarters Cloud Computing Tax Threatens Chicago's Silicon Valley Dream San Francisco, Paris Named Best Cities for Urban Transportation A Chicago Skyscraper Cements the Legacy of a Visionary Postmodern Architect DC Business Leaders Welcome Return-to-Office Policy Under Trump The owners of PT XL Axiata and PT Smartfren Telecom said the transaction would take effect on April 15, with the former being the surviving entity and changing its name to XLSmart Telecom Sejahtera, according to disclosures Wednesday. The disclosures confirmed a Bloomberg News report Monday that the companies were nearing an agreement and could announce a deal this week. The agreed merger price for XL is 2,350 rupiah per share. Smartfren investors will be eligible for 0.011 XL share for every Smartfren share they own. XL's shares fell as much as 2.6% Wednesday morning in Jakarta — the steepest drop in a month — to as low as 2 Show less Read more
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