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Article: TeliaSonera controls 68 percent of the votes in TEO LT.
- Article from:
- Business Wire
- Article date:
- October 13, 2009
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STOCKHOLM, Sweden -- Regulatory News:
Following the completion of the cash offer for TEO LT, TeliaSonera (STO:TLSN) (HEX:TLS1V) (LSE:TEE) (Nasdaq:TLSN) has increased its ownership to 68.08 per cent. In total, 23.47 million shares were submitted into the cash offer, which started on September 17 and ended on October 9. Almost 10 million shares were bought in the open market during the offer period at the price of the offer and another 6.4 million shares were bought in the open market between the announcement of the offer and the beginning of the offer period.
Thus, TeliaSonera increased its ownership in TEO LT by 39,895,616 shares, which comprise 14 ...