TeliaSonera, who launched a voluntary takeover bid to acquire all the outstanding shares in TEO LT, continues to purchase shares through open market transactions. As of June 25 TeliaSonera now holds 85.6 per cent of TEO LT.
The takeover bid was launched on June 5. The acquisition price is EUR 0.637 per share in cash and the total value of the takeover bid amounts to EUR 76 million. The takeover bid is not conditional and has no minimum threshold of shares acquired.
The takeover bid period expires on Friday, June 29 at 3 P.M. local time. TeliaSonera will unconditionally accept all sell orders received by that date and the settlement will take place on July 4, 2012. TeliaSonera will also continue buying TEO LT shares in the open market at the same price of EUR 0.637 per share until the very end of the offer period.
The takeover bid circular is available at the website of NASDAQ OMX Vilnius Stock Exchange (www.nasdaqomxbaltic.com) and TEO LT’s website (www.teo.lt).
TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 08.30 A:M. CET on June 26, 2012