Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

TI Bids to Acquire German Telecom Maker

Photonics.com
Mar 2002
FRANKFURT, March 4 -- German telecom equipment group Condat AG said Texas Instruments has made an acquisition offer of 108 million euros (US $93 million). TI is offering Condat shareholders 12 euros per share, a 155 percent premium over Thursday's closing share price of 4.70 euros, the German firm said.

"The management and supervisory boards of Condat consider the offer price to be fair and appropriate and will recommend that the shareholders accept it," Condat said. Texas Instruments had been a 10.9 percent stakeholder in Neuer Markt-listed Condat since March 2000, the German firm said, adding that the two companies had a close strategic partnership since 1997.



Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.