Belgacom closes takeover bid for 98.31% stake in Telindus

February 22, 2006

1 Min Read

BRUSSELS, Belgium -- Belgacom and Telindus announced that Belgacom’s new takeover bid for all outstanding Telindusshares and warrants was closed successfully on 15 February 2006. Under this offer, 7.45% of theshares were offered for sale. The price of the shares will be paid to the Telindus Group shareholdersby 28 February 2006 at the latest. After this payment, Belgacom will own 98.31% of Telindus’shares.

As required by law, Belgacom will launch a public bid for all Telindus shares and warrants that are still underpublic ownership (squeeze-out), offering the same price for these as in the bid concluded on 15 February 2006.This offer will run from 22 February to 14 March 2006. By the end of this operation, any shares and warrantsthat have not been offered for sale will be deemed to have been automatically transferred to Belgacom. Afterthat, Belgacom will ask the Brussels Euronext stock market authority to delist the Telindus Group share.

Belgacom SA (Euronext: BELG)

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