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IHS Towers Agrees to Be Bought by MTN Group for $6.2 Billion
IHS Towers has agreed to be acquired by MTN Group MTN 2.36%increase; green up pointing triangle in a $6.2 billion all-cash deal.
The telecommunications company said Tuesday that MTN, a South Africa-based mobile operator, has agreed to pay $8.50 a share to IHS shareholders, which it said was a 36% premium to the company’s one-year weighted average share price as of Feb. 4.
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