Not impressed with more colors in deal, Technicolor board goes for original deal


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PARIS, June 11 | Mon Jun 11, 2012 2:00am EDT (Reuters) – French company Technicolor SA has rejected a revised offer from JPMorgan Chase to buy a 30 percent stake for 179 million euros ($223 million) and opted for the original, lower offer instead, saying the higher offer carried additional conditions which it could not accept like a break-up fee.

Read more: http://www.reuters.com/article/2012/06/11/technicolor-idUSL5E8HB0NR20120611

Not impressed with more colors in deal, Technicolor board goes for original deal

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JD Morris

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