tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Hutchison Telecommunications Achieves Key Milestone in Takeover Bid

Story Highlights
Hutchison Telecommunications Achieves Key Milestone in Takeover Bid

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

The latest update is out from Hutchison Telecommunications (Australia) Limited ( (AU:HTA) ).

Hutchison Telecommunications (Amsterdam) B.V., a subsidiary of CK Hutchison Holdings, has announced the fulfillment of a key condition in its takeover bid for Hutchison Telecommunications (Australia) Limited. The condition required HTABV to have relevant interests in at least 97% of HTAL shares, which has now been achieved, allowing the offer to proceed without this condition.

More about Hutchison Telecommunications (Australia) Limited

Hutchison Telecommunications (Australia) Limited operates in the telecommunications industry, focusing on providing telecommunication services and products in Australia. It is a subsidiary of CK Hutchison Holdings Limited.

YTD Price Performance: 10.71%

Average Trading Volume: 107,914

Technical Sentiment Signal: Hold

Current Market Cap: A$420.7M

See more insights into HTA stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1