KCOM: Pension fund could buy Hull company for £504mpublished at 08:18 British Summer Time 25 April 2019
One of the largest pension schemes in the UK could take over Hull communications company KCOM in a deal worth more than £500m.
The company, which provides broadband and telephone services in the Hull area, could be bought by Universities Superannuation Scheme (USS) for £504m.
Shareholders would get 97p per share if the offer, recommended by the KCOM board, goes ahead.
Hull is well known for its distinctive KCOM telephone boxes which are cream rather than red.