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Ericsson receives acceptances and purchases shares representing 70 percent of Tandberg Television's shares
March 14, 2007, 09:14 (CET)
In the voluntary public cash offer to acquire all outstanding shares in Tandberg Television, (NASDAQ:ERIC) Ericsson has received acceptances regarding about 58 percent of the outstanding shares in Tandberg Television (OSE:TAT).
The received acceptances and the 9,880,050 shares already purchased by Ericsson represent about 70 percent of the outstanding shares in Tandberg Television. The number of acceptances may be altered due to possible corrections and changes following registration with the Verdipapier sentralen (VPS).
Soon after expiry of the extended offer period Friday 16 March 16:30 CET, Ericsson will announce whether the 90 percent condition for the offer has been met. If not, Ericsson will decide whether to withdraw the offer or waive this condition.
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
Read more at http://www.ericsson.com
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