Billionaire Xavier Niel Offers $4.1 Billion to Buy Millicom
- Niel’s Atlas is already Millicom’s biggest shareholder
- Millicom’s board hasn’t made a formal recommendation
This article is for subscribers only.
Billionaire Xavier Niel offered to buy out other shareholders of Millicom International Cellular SA in a deal valuing the Latin American carrier at about $4.1 billion.
Niel’s Atlas Luxco Sarl is offering $24 a share in cash, it said in a statement Monday, below the company’s Friday closing share price of $24.55. The shares held steady at market open on Monday.