Sunday, July 22, 2007

UPDATE 1-TomTom to buy online map supplier Tele Atlas

(Reuters) - TomTom, which also announced quarterly results a week early
that showed net profit leaped 81 percent from a year earlier,
said it intends to make a cash offer of 21.25 euros per share
bid for Netherlands-based Tele Atlas.




TomTom will fund the acquisition with debt and cash, TomTom
Chief Financial Officer Marina Wyatt told reporters on a
conference call.


Read more at Reuters.com Market News

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