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Article: SEC Announces a SEK27.9 Billion Offer from NetCom AB.
- Article from:
- PR Newswire
- Article date:
- July 24, 2000
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Creation of a Pan-European Telecommunications Company Operating In
18 Countries With More Than 9 Million Customers
LUXEMBOURG, STOCKHOLM, Sweden and NEW YORK, July 24 /PRNewswire/ --
Societe Europeenne de Communication ("SEC") (Nasdaq: SECAY, SECBY) and NetCom AB ("NetCom", "the Group") (Nasdaq: NECS) today announce an Offer by NetCom AB for the total issued share capital of SEC ("the Offer"). The Offer values each SEC B share at SEK61.04 and values the total issued share capital of SEC at SEK34.9 billion. Under the Offer SEC A shareholders can elect to receive NetCom B shares instead of NetCom A shares.
At the close of trading on ...