Eutelsat bid “raises all boats”
Eutelsat shareholders had a prosperous day on September 30th when the company’s share price rose dramatically by an initial 15.6 per cent (to €11.97), just below Patrick Drahi’s reported €12 bid. Eutelsat confirmed receipt of the bid, and rejected the approach. This suggests either Drahi doesn’t have the backing of state-backed BPI or else – […]