EU Extends TomTom/Tele Atlas Review Another 10 Days, Stock Falls
Thursday the EU said it would extend its review of the proposed acquisition by 10 working days. The decision was made by the commission and both companies, said a spokesperson. Tele Atlas lost as much as 3.7 percent on the news. The extension may mean the acquisition may not complete until the second half of the year. One other change: TomTom now has a bit more time to offer remedies to the concerns.
by Adena Schutzberg on 03/28 at 06:43 AM |
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