Thread: ALL Virgin / NTL merger discussion
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Old 05-12-2005, 00:52   #41
SMHarman
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Join Date: Jun 2003
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Re: Virgin mobile merging with NTL to take on SKY
Quote:
Originally Posted by Albie
What do they mean by a "reverse takeover".
The bigger company is NTL/Telewest, the Smaller Virgin, so a usual takeover results in the bigger aquiring the smaller, in this scenareo the outcome is that NTL is tecnically aquired by Virgin making Virgin the owner, the smaller company aquiring the bigger.
However in real terms the shareholders of NTL/TW are adequately compensated in Virgin shares.
Note this won't be part of the private 100% owned empire, more like Virgin Atlantic which is 49% owned by Singapore Airlines.
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