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Belgacom, the government-owned telecom service provider of Belgium, has filed its bid for acquiring Telindus, the Belgium-based company providing network-based solutions. The total value of the bid is $582 million. Belgacom will offer a price of $16.26 for each share held by the shareholders of Telindus, indicating a 16.5 percent premium. The shareholders can also choose to procure $10.03 plus one share in Mobistar, in which Telindus has a 4.6 percent share. Belgacom has, however, not announced its plans for the Cordier Group, which holds a substantial 22.9 percent stake in the networking company.
Belgacom feels that with ...