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Belgacom hopes to acquire Telindus.(BELGIUM)

European Telecom

| November 01, 2005 | COPYRIGHT 2005 Information Gatekeepers, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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