Pepco Shares Jump After Board Boosts Tender Offer Price to 47.52 PLN
Pepco Group stock surged after the company's board scrapped a prior tender offer and reissued a higher-priced invitation to repurchase shares at 47.52 PLN each. The move, which leaves the overall capital return envelope unchanged at up to 400 million euros and intends canceled shares to be removed from circulation, has been interpreted as directly …