Brief: Polygon Says It Does Not Plan To Accept EUR 22/Shr Offer For Orange Belgium

Orange Belgium NV

12/04/2021 07:20

April 12 (Reuters) - Orange Belgium SA  OBEL.BR :
    * POLYGON GLOBAL PARTNERS (POLYGON) SAYS ORANGE BELGIUM FINANCIAL EXPERT
REPORT
APPEARS TO DOWNPLAY ORANGE BELGIUM’S EXPECTED GROWTH
    * POLYGON GLOBAL PARTNERS LLP IS INVESTMENT MANAGER FOR POLYGON EUROPEAN
EQUITY
OPPORTUNITY MASTER FUND AND CERTAIN CLIENT ACCOUNTS WHICH COLLECTIVELY ARE
HOLDERS OF 5.29% OF ORANGE BELGIUM'S
    * POLYGON SAYS BELIEVES THAT ORANGE SA'S  ORAN.PA  OFFER OF EUR 22 PER SHARE
SUBSTANTIALLY UNDERVALUES ORANGE BELGIUM ON A STANDALONE BASIS
    * POLYGON GLOBAL PARTNERS SAYS ORANGE BELGIUM FINANCIAL EXPERT REPORT
APPEARS TO
OVERPLAY ORANGE BELGIUM’S EXPECTED COSTS
    * POLYGON SAYS IT CONTINUES TO BELIEVE THAT THAT COMPANY IS WORTH MORE THAN
EUR 40
PER SHARE
    * POLYGON GLOBAL PARTNERS SAYS POLYGON DOES NOT CURRENTLY INTEND TO ACCEPT
THE
OFFER

Source text for Eikon:  ID:nPn4X83Gba 
Further company coverage:  OBEL.BR 

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