Although Deutsche Telekom's shares have remained below the price that could have voided the deal, the German telecommunications company's acquisition of VoiceStream Wireless is expected to close today.
Published:
31 May 2001 y., Thursday
Although Deutsche Telekom's shares have remained below the price that could have voided the deal, the German telecommunications company's acquisition of VoiceStream Wireless is expected to close today.
The Bellevue-based wireless carrier is planning a news conference and employee event tomorrow with Chief Executive John Stanton and Deutsche Telekom Chief Executive Ron Sommer.
If Deutsche Telekom's share price stayed below 33 euros for seven of the 15 days before Tuesday - as it did - VoiceStream could have sent the German company a notice to terminate the deal. There are no indications that such a notice has been sent.
Since February, Deutsche Telekom's share price has remained below 33 euros, closing at 23.81 euros yesterday. VoiceStream's shares closed yesterday at $89.40, a level that would give shareholders a 6.6 percent premium under the deal. According to the terms, VoiceStream shareholders will receive 3.2 shares of Deutsche Telekom and $30 cash, plus a stock dividend of 0.75 percent for each VoiceStream share.
Šaltinis:
seattletimes.nwsource.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Wincor Nixdorf AG closed the first six months of fiscal year 2008/2009 with a 4 percent increase in net sales and a 2 percent increase in operating profit (EBITA).
more »
Raiffeisen Bank Polska SA, a subsidiary of Raiffeisen International, a leading financial corporation in Central and Eastern Europe, has deployed "VIP Mobile," a next-generation mobile banking solution.
more »
Commission calls for help with reforming EU fishing.
more »
IFC, a member of the World Bank Group, and SEB Bank today launched an innovative transaction that will support lending of around €50 million to help small and medium enterprises in Lithuania switch to renewable sources of energy.
more »
Is your money well spent at EU level? Every year, in April, the EP concludes its examination of EU spending for the financial year closed 16 months previously.
more »
The right to compensation for poor service, the right to change gas and electricity suppliers and comparable prices are just three aspects of the proposed “third energy package” being debated today by MEPs.
more »
As access to ATMs became free from April 1, many banks are expected to consider consolidating their teller operations instead of aggressively expanding ATM network.
more »
Crisis or no crisis, secure identity cards will still be needed to cross borders…
more »
A fund-raising initiative has been launched among 170,000 employees in all 22 countries where the Group operates
more »
This year AB Bank SNORAS also joined the promotional event "Praise excellent service!" which is held in March every year.
more »