Nokia/Navteq To Get EU Green Light: Report; TomTom/Tele Atlas Complete
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Friday, June 6, 2008; 5:59 AM
Some news on a pair of related acquisitions? Nokia's ( NYSE: NOK) $8.1 billion proposed acquisition of Navteq is unlikely to get objection from the EU, reports Reuters. Back in March, there had been some talk that the tie-up would receive heightened scrutiny, but apparently the time has passed for the EU to deliver a formal statement of objections. The official deadline to have this wrapped up is August, 8.
-- TomTom-Tele Atlas: It's done. TomTom said in a statement that 97.48 percent have been tend. As soon as legally possible, Tele Atlas shares will cease trading, as remaining shareholders are squeezed out. Release.
Related
TomTom's Proposed Tele Atlas Purchase Gets EU Clearance Nokia's Navteq Purchase Gets In-Depth EC Anti-Trust Probe Nokia's Navteq Acquisition To Get More EU Scrutiny: Report
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