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WEDNESDAY, NOVEMBER 25, 2009
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PREMIUM NEWS ARCHIVE

Orbiting Wall Street.(Ericsson corp. accquired Tandberg Television)(Telesat Canada earnings profit in 2006)(EMS Technologies Inc. earnings profit in 2006)

Article from: Satellite News Article date: March 12, 2007

Tandberg, Ericsson

Tandberg TV's board has extended a unanimous recommendation to shareholders that they accept Ericsson's buyout offer, Tandberg announced March 7.

Ericsson made an unsolicited offer Feb. 26 to acquire Tandberg for 9.8 billion Norwegian kroner ($1.6 billion). Ericsson has acquired 11.7 percent of the outstanding shares in Tandberg and has entered into agreements to acquire another 13 percent, Ericsson said.

Ericsson's unsolicited offer "represents a compelling opportunity for ...

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