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Stock impact report

China Mobile Discusses Potential Deal for Internet Provider HKBN [Yahoo! Finance]

TPG Inc. - Class A (TPG) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Paris to Replace Parking Spaces With Trees New York's Transit Agency Approves $9 Congestion Toll Trump Promises Could Have Seismic Impact on Washington Economy In Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lift NY Congestion Pricing Survived a Pause. Here's What Could Kill It HKBN's board has received a non-binding proposal from China Mobile Hong Kong Co., a unit of the state-backed carrier, about a potential cash takeover bid, it said in an exchange filing Wednesday. China Mobile and HKBN are still in discussions on terms of the potential offer including the price, according to the filing, which confirmed an earlier Bloomberg News report. China Mobile has conducted due diligence on the potential acquisition and has been negotiating with HKBN's major shareholders, buyout firms MBK Partners and TPG Inc., people with knowledge of the matter said earlier. It indicated it's willing to pay at least HK$5 per share for their holdings, Show less Read more
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