LA PLATA, Maryland — Satellite fleet operator Thaicom and its independent financial advisor are urging shareholders to reject a takeover bid by Gulf Edge Co., Gulf Energy Co. Ltd. and Intouch Holdings PLC if Thaicom’s share price remains above the 11 Thai baht per share (31 U.S. cents) purchase offer through early February.
Gulf Edge already owns 41.14% of Thaicom and, with Gulf Energy and Intouch, said has said it has no intention of changing the company’s business model, operations or dividend . . .
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