Friday, June 23, 2006

Blackstone Group Denies Rumors its Preparing a Bid for Deutsche Telekom AG (DT)

Private equity firm, Blackstone Group, says a rumor the company is preparing a bid for Deutsche Telekom AG (NYSE: DT) is 'without merit or foundation'. The report was originally put out in a German weekly publication. The report didn't cite sources, but said Blackstone was raising EUR60 billion from investors to launch a bid for DT. - DJ


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