TalkTalk in takeover conversation with Toscafund

TalkTalk in takeover conversation with Toscafund

TalkTalk Telecoms Group plc announced on 8 October 2020 that it is currently in discussions with one of its major shareholders, UK fund manager Toscafund Asset Management LLP (TAM), regarding a possible cash offer for the telecoms giant.

TAM, who own a 29% stake in TalkTalk, have offered the company 97 pence per share, subject to various pre-conditions, including an irrevocable undertaking in support of the offer by TalkTalk founder, Sir Charles Dunstone. Dunstone recently upped his stake

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