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Activist Elliott argues Disney should pay 15.01 pounds/share for Sky

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Activist Elliott argues Disney should pay 15.01 pounds/share for Sky

Activist Elliott argues Disney should pay 15.01 pounds/share for Sky
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LUCY NICHOLSON(Reuters)
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LONDON (Reuters) - Activist investor Elliott has argued that Walt Disney should have to pay at least 15.01 pounds a share to acquire Sky if it is forced to buy the British broadcaster, the UK's takeover regulator said on Wednesday.

The Takeover Panel disclosed Elliott's arguments in a statement in which the regulator detailed why it last month set the level of any Disney offer for Sky at 14 pounds a share and rejected the activist's valuation.

Disney would only be forced to make such an offer if it completes a deal to buy Twenty-First Century Fox's TV and film assets, which include a 39 percent stake in Sky, before either Fox or rival suitor Comcast have managed to take control of the Sky.

(Reporting by Ben Martin; Editing by Kirsten Donovan)

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