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Thursday, December 18, 2014

Deals of the day- Mergers and acquisitions, (NYSE: ORAN)

The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday:** Telecoms tycoon Xavier Niel's NJJ Capital has agreed to purchase Swiss mobile operator Orange Switzerland from private equity group Apax Partners for 2.8 billion Swiss francs ($2.9 billion), Apax said.

Orange SA, formerly France Telecom SA, is a France-based company that is engaged, principally, in the provision of integrated telecommunications services. Shares of ORAN traded higher by 3.35% or $0.56/share to $17.30. In the past year, the shares have traded as low as $11.82 and as high as $18.05. On average, 638502 shares of ORAN exchange hands on a given day and today's volume is recorded at 4926427.