Tele2 to bid for Holland's Versatel
The Local Sweden - [email protected]
Published: 13 Sep, 2005 CET.
Updated: Tue 13 Sep 2005 13:56 CET
Swedish telecom operator Tele2 will open its public offer for Dutch Versatel Telecom International on Wednesday, Tele2 said on Tuesday in press reports in Holland.
The public offer of 2.20 euros per Versatel share will close mid-afternoon on October 7, the announcement said. In all the Tele2 bid is worth 1.34 billion euros (1.62 billion dollars).
The offer is fully supported by Versatel's boards, while Dutch media tycoon John de Mol, who holds 42 percent in Versatel, has also agreed to sell his shares to Tele2.
The offer is conditional on at least 95 percent of Versatel's shares and 85 percent of convertible notes being tendered.
AFP
Comments
See Also
The public offer of 2.20 euros per Versatel share will close mid-afternoon on October 7, the announcement said. In all the Tele2 bid is worth 1.34 billion euros (1.62 billion dollars).
The offer is fully supported by Versatel's boards, while Dutch media tycoon John de Mol, who holds 42 percent in Versatel, has also agreed to sell his shares to Tele2.
The offer is conditional on at least 95 percent of Versatel's shares and 85 percent of convertible notes being tendered.
AFP
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.