BT’s bid for EE offers long term prospect of block trades
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Equity

BT’s bid for EE offers long term prospect of block trades

Equity capital markets bankers hoping for a jumbo rights issue to finance British Telecommunications’ acquisition of EE, the UK mobile phone group, may be disappointed. But the deal will certainly create two large overhangs in BT’s stock, worth about £6.3bn at current prices, which could lead to some juicy block trades once lock-ups expire.

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