Analysts said that Nokia’s $8.1 billion offer for Navteq could reshape the industry and make the combined company of TomTom and Tele Atlas a takeover target itself.
Tele Atlas shares traded at 21.70 euros by 0715 GMT (3:15 a.m. EDT), down 0.5 percent from the previous day but still 2 percent above TomTom’s offer price. TomTom shares were up 0.8 percent at 57.23 euros.
TomTom said the tender period for Tele Atlas shares will begin on October 3 and end on December 4. It plans to declare the offer unconditional if 80 percent of Tele Atlas shares are tendered.
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