LBSzone - Bringing you the buzz on Location-Based Services

About | Contact | Advertise | FAQ | Site Map
Get The LBSzone Alert Newsletter
HomeArticlesNewsGlossaryLinksGISBlogEventsNewsletterRSSJobsPhotosDIRECTORYTwitterIMAGING
Developers | Android | LBS Apps | LBS Alert | Geo News Feed | iPhone2 | LBS3  
advertisement



Top LBS News

Top LBS news!
Sprint Survey Shows That Many Are Not Aware of Budget-wise Travel Applications on Their Wireless


Submit Your "LBS" News to us

LBSzone linkedin grouplbszone on facebooklbszone twitter

Twitter Button from twitbuttons.com

LBS App of The Week

LBSzone app of the week
Spoonfed Radar (iPhone)


LBSzone Sponsor


LBS Tech Webinar

Planning an event? Feature your webinar here
webinar
Register for a Webinar now!


LBS Topics

LBSzone Blogroll
GetJava Download Button

Featured Events

MetaPlaces 09
Meet, do business and discuss solutions to the key issues in the LBS world 22-23 September 2009, Crowne Plaza Hotel, San Jose, CA


Connect and Share
Home arrow News arrow LBS Technology & Business arrow Tele Atlas Supports and Recommends the Revised Offer From TomTom     


Mobile Technology Tips

Free White Paper - More Mobility - Less Budget: Enterprise Strategies in the Current Economic Downturn & The Art of Teleworking - Are you getting the most out of your employees who telework?

Internet Retailer is the first magazine devoted to reporting on the Internet revolution in retailing and today remains the only magazine on the market with this exclusive focus. 







Tele Atlas Supports and Recommends the Revised Offer From TomTom PDF Print E-mail
Written by Tele Atlas   
Thursday, 08 November 2007

‘s-Hertogenbosch, The Netherlands, November 8, 2007 – TELE ATLAS NV (FSE: TA6, EUNV: TA), a leading global provider of digital maps and dynamic content for navigation and location based solutions, announced yesterday the receipt of a letter from TomTom dated November 7, 2007, announcing a revised offer for all outstanding shares in Tele Atlas of € 30 in cash per share (the “Revised Offer”).



The Management Board and the Supervisory Board of Tele Atlas have carefully considered the terms and conditions of the Revised Offer, taken as a whole, including all legal, financial and regulatory aspects of the Revised Offer, and have concluded that the Revised Offer is more favourable to Tele Atlas, its shareholders and other stakeholders, than the Garmin proposal dated October 31, 2007 (the “Garmin Proposal”). Accordingly, the Management Board and the Supervisory Board have decided to support and recommend the Revised Offer for acceptance to the shareholders of Tele Atlas.

As TomTom’s Revised Offer was made within the 5 business day period during which TomTom had the right to match the Garmin Proposal, the Merger Protocol dated July 23, 2007 entered into between TomTom and Tele Atlas will remain in full force and effect and its terms and conditions, other than the consideration offered by TomTom, which is now € 30 per share, will remain unchanged.

This is an announcement pursuant to section 9b(1) of the Dutch Securities Markets Decree (Besluit Toezicht Effectenverkeer 1995)

This announcement does not constitute an offer to purchase any securities, nor a solicitation of any offer, proxy, consent or authorization to buy or subscribe for any securities of Tele Atlas or any other securities, nor shall it (or any part of it) form the basis of, or be relied upon in connection with, any contract therefore. In the event that an offer is made, details of the offer will be set out in an offer memorandum, which will contain the full terms and conditions of the offer including how the offer can be accepted, and which will be made available to all holders of securities of Tele Atlas free of charge.

This announcement is a press release and not a prospectus and holders of ordinary shares in Tele Atlas should not make any decisions except on the basis of the information contained inanoffer memorandum.

< Prev   Next >




Follow @LBSzone on Twitter or follow the Editor


Social Location Directory

Do you have a location-aware application, social location service or other location-sensitive service that you'd like to share with us? Please browse this growing directory of Social location Services and feel free to leave a link to your favorite service! See the Directory HERE



Google
 

Recent LBS Jobs & Career Opportunities

green gis cube  NOKIA MAPS: Product Manager Routing (Berlin)
green gis cube iPhone Location Technologies SW Eng
green gis cube AGPS Research Engineer
green gis cube iPhone Location Technologies QA Eng
green gis cube Manager, Content and Operations

Browse All Listings / Post Your Job Ad
or, send your job announcements to



Suggested Reading

Featured Events
  • Navigation and Location Europe 2009 -  Europe's largest gathering of Navigation & Location pioneers is back for the 5th year. The conference strives to keep one step ahead of the market by providing the most up to date business information. June 10-11, 2009
  • Where 2.0 Conference 2009  - The O'Reilly Where 2.0 Conference will pinpoint how far location technology has reached, explore the boundaries of geospace, and point the way into the location frontier at the Fairmont Hotel in San Jose, CA, May 19-21, 2009. O'Reilly Media and program chair Brady Forrest invite proposals for conference sessions, workshops, demos, and panels for Where 2.0 2009.
  • Telematics Detroit 2009 Conference & Exhibition, June 2-3 - The world's leading event for the digital in-car and mobile industry is back for another successful year. Telematics content and service strategies for winning hyper connected customers will be revealed.


LBS Newsletter

Stay informed about LBS With the Weekly LBSzone Alert Newsletter

subscribe LBSzone


Most Recent Edition
See the Archives
See All of our newsletters


LBSzone Sponsor




Top Articles



LBSzone Videos

More Videos HERE
Want your Video placed here? Contact us!

Popular

Free White Papers

Syndicate

 

Subscribe in NewsGator Online
Subscribe in Bloglines
Powered by FeedBurner
Add to Plusmo
Add to Google


Partner Sites

machinecontrolonline 

symbianone

GISuser.com
Anything Geospatial Blog - AnyGeo

symbianone





Spatial Media, LLC ©2003 - 2008 All rights reserved / Privacy Statement