» Navigation system maker TomTom agrees to pay $2.6B for digital map-maker Tele Atlas NV

Navigation system maker TomTom agrees to pay $2.6B for digital map-maker Tele Atlas NV

Posted: 1:00 am Mon, July 23, 2007
By admin

AMSTERDAM, Netherlands - TomTom NV, Europe's largest maker of navigation systems for cars, said Monday it agreed to buy digital mapping company Tele Atlas NV for about $2.6 billion.TomTom said it would pay 21.25 euros ($29.33) per share - 1.9 billion euros in all - for the Den Bosch, Netherlands-based Tele Atlas.The offer was a 28 percent premium ...

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