Telecom Italia plans to raise only $5.45 billion

Article Abstract:

Telecom Italia SpA is planning to raise as much as five billion euros ($5.45 billion) to defend itself against Olivetti SpA's hostile takeover bid. Olivetti is offering to acquire Telecom for $58 billion. Telecom's plan could cost it in terms of flexibility if Olivetti increases its bid. Up to this point, Olivetti has stated that it is not planning to raise its bid.

Comment:

Telecom to raise five billion euros ($5.45 billion) to defend itself against Olivetti bid

Italy, Asset sales & divestitures, Wired Telecommunications Carriers, Office & Computing Machines, Telephone Communications, Planning, Office equipment, Office equipment and supplies industry, Office equipment industry, Telephone services, Abstract, Telecom Italia S.p.A., Olivetti S.p.A.

---

TomTom to buy map-maker Tele Atlas

Article Abstract:

Dutch navigation device company TomTom N.V. will buy its digital road map supplier Tele Atlas N.V. in a deal valued at $2.77 bil. TomTom's routing system quality is expected to be enhanced; the move also expands its presence in the wireless navigation market.

Telephone Communication, Netherlands, Mergers, acquisitions and divestments, Company acquisition/merger, Automotive navigation systems, Tele Atlas N.V.

---

Similar abstracts:

• Abstracts: India's stocks rocket as Reliance plans split. Kidde accepts $2.84 billion bid from United Technologies
• Abstracts: Cheap money is ECB's answer: EU Central Bank lends $500 billion to prevent any year-end crisis. European rate rises loom as growth feeds inflation
• Abstracts: Global calculations. Frito Lay is sizzling in new ads. Buzzwords reach critical mass
• Abstracts: Total SA's net falls on higher costs, lower crude prices, weaker dollar
• Abstracts: Siemens, Microsoft plan technology for vehicles. T-Mobile's exclusive iPhone pacts upheld. Safran unit to produce Vodafone-brand phones

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.