TomTom Starts Acceptance Period of $4.2 Billion Cash Offer for ...
Posted by ~Ray @ 2007-12-09 15:15:45
The period in which Tele Atlas shareholders can tender their shares ordain begin on Nov. 19 and end on Dec. 18 the companies said in a fit statement on Sunday.
Tele Atlas ordain hold an extraordinary shareholders meeting on Dec. 7 to discuss the offer.
“With compose to. TomTom NV and Tele Atlas NV hereby jointly inform that TomTom is making a recommended public cash offer for all of the issued and outstanding ordinary shares with a nominal value of EUR 0.10 each in the capital of Tele Atlas.
Highlights- The furnish is a cash furnish for all the issued and outstanding ordinary shares in the capital of Tele Atlas of EUR 30.00 per overlap.- The acceptance period commences at 9:00 hours. Amsterdam time (3:00 hours New York measure) on 19 November 2007 and ordain end at 15:00 hours Amsterdam time (9:00 hours New York time) on 18 December 2007 unless extended.- Tele Atlas ordain convene an extraordinary command meeting of shareholders to be held on 7 December 2007 during which the furnish ordain be discussed.- The Boards fully support the furnish and recommend the furnish to all Shareholders for acceptance.- A condition to the Offer is that the be of Shares tendered for acceptance under the Offer together with the Shares that are held at that measure by the Offeror represents at least 80 per cent of all issued and outstanding Shares as set out in the Offer Memorandum.
The OfferTomTom is making the furnish subject to the terms and restrictions contained in the furnish memorandum dated 18 November 2007.
Shareholders tendering their Shares under the Offer will be paid under the terms and subject to the conditions and restrictions contained in the Offer Memorandum in consideration of each Share validly tendered and delivered (geleverd) a cash amount of EUR 30.00.”[ADVERTHERE]Related article:
http://techluver.com/2007/11/18/tomtom-starts-acceptance-period-of-42-billion-cash-offer-for-tele-atlas-shares/
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