PT/Sonaecom: Together they stand

Portugal Telecom shareholders aren’t being offered a great price for their shares, right? And Sonaecom, the bidder, could afford to increase the bid and still create value for its own shareholders, right? So why don’t.the PT shareholders just insist on a higher price in return for their support? If only. The rules of this long-running takeover battle make it hard for PT shareholders to squeeze a higher price. After all, Sonaecom has already made its final offer. And Portuguese regulations dicta...