Oct 31
window.document.getElementById(‘post-9636’).parentNode.className += ‘ adhesive_post’;Garmin intends to make a public offer for all the outstanding shares of Tele Atlas N.V. on a fully diluted basis at an indicative offer price of €24.50 in cash per share, implying an equity value for the Company of €2.3 billion. The intended Offer will be subject to tender of at least 66.67% of the issued share capital. In addition to its cash balance in excess of $1 billion, Garmin has secured financing commitments sufficient for the intended Offer.
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