• search

Banks drive Thomson bid of more than 5 bln euros- paper

Written by: Staff
|

LONDON, Mar 27 (Reuters) Investment banks are putting together a consortium to bid more than 5 billion euros ( billion) for the French consumer electronics giant Thomson, The Business newspaper reported on Sunday.

The banks have been driving the approach after Thomson Chief Executive Frank Dangeard said earlier this month that he was open to any offer that reinforced the company's position as a world leader in video and set-top box technology, it added.

According to the paper, sources say Silver Lodge, the U.S.

venture capital firm which has already invested 0 million in Thomson through a private series of convertible bonds, would be involved.

Investment firms have been approached in the last two weeks to join the consortium ahead of any bid, but it is not known if contact has already been made with the company, it added.

A Thomson spokeswoman told the paper, ''We don't comment on market speculation''.

Thomson could not be immediately reached for comment on the report.

REUTERS SD VC1440

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more