MADRID (Reuters) - A large majority of shareholders in Spanish telecoms firm MasMovil have accepted a private equity bid to take it private in the first major deal of its kind since the coronavirus pandemic struck, the stock market regulator said on Thursday. United States-based funds KKR KKR.N, Providence and Cinven had secured support from the company's board and owners of almost 30% of its stock before announcing a bid worth 3 billion euros ($3.54 billion) in June. Holders of 86.4% of the...

MADRID (Reuters) - The largest shareholder known to have held out against a bid by three U.S. funds to buy Spanish telecom operator MasMovil (MASM.MC) has decided to accept the offer after all, MasMovil said on Wednesday, two days before a deadline to decide. MasMovil’s board agreed in June to a 3 billion euro ($3.5 billion) offer from KKR (KKR.N), Providence and Cinven, which some shareholders said undervalued a company that has challenged much bigger rivals to snatch a share of the...

MADRID (Reuters) - The board of MasMovil (MASM.MC), the Spanish telecoms group, has issued a favourable opinion of a takeover bid by a trio of private equity funds and said it had looked for other potential buyers but no firm bid had emerged. MasMovil’s board had agreed in June on a $3 billion offer from KKR (KKR.N), Providence and Cinven and described it as beneficial for the company, which has taken market share from bigger rivals in Spain’s fiercely competitive telecoms market. The board...