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Takeover Story Dropped but the Resulting Share Price Wobble Could be an Opportunity to Buy into an Expanding BT.

By Malcolm Stacey | Wednesday 15 December 2021


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Hello, Share Takers. There’s an interesting situation building at B T (BT.A) The share dipped 6% today because a billionaire said he doesn’t intend to bid for the company. However, Patrick Drahi, boss of Altice UK, announced today that it’s acquired a further 585,476,188 shares in BT, increasing its ownership to 1,785,476,188 shares.That’s 18.0% of BT’s issued share capital. That means Drahi has now put into BT a total of £3.2  billion pounds

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