Travers Smith advises on £140 million tender offer by Zegona Communications plc
Travers Smith LLP has acted for Zegona Communications plc ("Zegona") on Zegona's proposed repurchase, by way of a tender offer to Zegona shareholders, of up to £140 million of shares in Zegona at a minimum price of £2 per share (the "Tender Offer").
The Tender Offer is designed to return surplus cash held by Zegona to shareholders following the recent £700 million sale by Zegona of Spanish cable company Telecable.