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Article: TeliaSonera gets OK for takeover bid on Lithuanian subsidiary.

Article from:
ADP News Nordic
Article date:
September 10, 2009
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(ADPnews) - Sep 10, 2009 - Lithuania's competition council said today on its website it has approved the takeover bid of Swedish-Finnish telecoms major TeliaSonera AB (STO:TLSN) on all shares it does not already own in its Lithuanian subsidiary TEO LT AB (VSE:TEO1L).

On August 24, the Swedish-Finnish group offered LTL 1.83 (USD 0.771/EUR 0.530) for each TEO LT share in cash, or LTL 527 million in total.

At present, TeliaSonera controls 60% of the capital and 62.94% of the votes in the Lithuanian subsidiary via wholly-owned Amber ...

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