Shares surge after news of hedge fund interest in buying UK’s fourth-largest broadband provider
Shares in Charles Dunstone’s TalkTalk surged by 16% after the telecoms company agreed to discuss a £1.1bn takeover bid.
The bid has come from Toscafund, the telecoms company’s second-largest shareholder. The TalkTalk board have agreed to negotiations but the hedge fund would have to get the backing of executive chairman and founder, Dunstone.
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