2008-06-05
TeliaSonera rejects indicative offer by France Telecom
TeliaSonera confirms that the company’s Board of Directors have received a non-binding, indicative offer by France Telecom regarding a potential acquisition of TeliaSonera AB (publ).
The Board of Directors have engaged professional advisors to assist in its review and assessment of TeliaSonera and have unanimously decided not to support the indicative offer as it substantially undervalues the company.
“TeliaSonera is a strong business with excellent growth prospects in its own right. The Board and management are focused on developing the company to its full potential, driving strong and sustainable earnings growth and maximising value for all shareholders. The indicative price of SEK 56.225 per share significantly undervalues this potential,” says Tom von Weymarn Chairman of the Board of
TeliaSonera.
TeliaSonera will make no further comment until there are substantial new developments in the situation necessitating further announcement.
Information about the company: Telia Company AB
