|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||2.6090 - 2.6470|
|52-week range||1.9850 - 2.9800|
|Beta (5Y monthly)||0.34|
|PE ratio (TTM)||20.14|
|Forward dividend & yield||0.13 (4.88%)|
|1y target est||3.03|
"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.
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.
KPN NV on Thursday declined to comment on a media report that said private investors including EQT of Sweden were preparing an attempt to buy the top Dutch telecoms provider. A KPN spokeswoman said the company would not comment on "rumours". A report in the Wall Street Journal cited people familiar with the matter that EQT might seek to pay 3 euros ($3.56) per share for KPN this spring, working together with New York-based Stonepeak Infrastructure partners.