Reuters logo
BRIEF-Indra to launch voluntary tender offer for Tecnocom
November 29, 2016 / 7:30 AM / 10 months ago

BRIEF-Indra to launch voluntary tender offer for Tecnocom

Nov 29 (Reuters) - Indra Sistemas SA :

* Announces its intention to launch a voluntary tender offer (VTO) for Tecnocom Telecomunicaciones y Energia SA at 4.25 euros ($4.50) per share

* The offer price of 4.25 euros per share will consist of 2.55 euros in cash and 0.1727 shares of Indra for each share of Tecnocom

* The VTO is subject to the CNMV approval

* The closing of the deal is expected for the second quarter of 2017 Source text for Eikon:

Further company coverage: ($1 = 0.9435 euros) (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below