Reuters logo
BRIEF-Nokia's bid is financially fair, Comptel board says
February 21, 2017 / 1:25 PM / 9 months ago

BRIEF-Nokia's bid is financially fair, Comptel board says

Feb 21 (Reuters) - Comptel

* the board Of directors of Comptel posts a statement regarding the voluntary public tender offer by Nokia

* offer period under tender offer is expected to commence on or about February 27 and to run for approximately four weeks

* board believes the proposed combination creates “an agile player in the OSS market and forms a foundation for profitable growth and innovation”

* says combination would reduce risks related to the consolidation between industry players

* says offer is not expected to have a material effect on operations and business locations of, or on number of jobs at Comptel

* says the consideration offered by Nokia to Comptel is fair

* board concludes that entering into the deal is in the interest of Comptel’s shareholders, unanimously recommends to accept the offer Source text for Eikon: Further company coverage: (Helsinki 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