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Koninklijke KPN N.V. (KKPNF)
| Previous close | 3.1625 |
| Open | 3.2360 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 3.1240 - 3.2360 |
| 52-week range | 2.3100 - 3.6200 |
| Volume | 13,254 |
| Avg. volume | 17,550 |
| Market cap | 13.407B |
| Beta (5Y monthly) | 0.34 |
| PE ratio (TTM) | 20.58 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.16 (4.93%) |
| Ex-dividend date | 16 Apr 2021 |
| 1y target est | N/A |
- Reuters
EQT holds out hope for KPN after rejection, sources say, but shares slide
Sweden's EQT is still interested in buying Dutch telecom KPN, two sources familiar with the matter said on Monday, even as shares in the company slid after it rejected the private equity firm's takeover proposal. KPN said on Sunday the proposal by EQT AB and another by KKR of the United States, which it has also rejected, lacked merit. Separately the Dutch government repeated it has the power to block unwanted takeovers of telecommunications companies.
- Reuters
KPN rejects takeover bids from EQT-Stonepeak consortium and KKR
"Boards of KPN concluded that both approaches fail to provide tangible and material added value over KPN’s recently updated growth strategy," the company said in a statement. It said there had been no discussions or negotiations with EQT, Stonepeak or KKR, adding that the EQT-Stonepeak proposition did not include an offer price. In April, the Wall Street Journal reported that private investors, including EQT, sought to pay 3 euros per share for the top Dutch telecoms provider.
- Reuters
KPN investing to grow, not seeking a takeover -CEO
AMSTERDAM (Reuters) -Royal KPN NV is investing in infrastructure for the first time in 26 years and is not seeking to be bought, its CEO said on Friday as the Netherlands' largest telecoms operator reported first quarter earnings in line with estimates. Reports that private equity firms hope to purchase KPN have surfaced four times over the past year, most recently in early April, [L1N2M10BN], but Chief Executive Joost Farwerck dismissed them as "rumours". "For the first time since I worked at KPN, and that's 26 years, we are sticking our neck out to finally invest in infrastructure that we should have built years ago," he said, referring to a 5-year plan to build out fibre optic networks unveiled in November.
