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Arris evaluates Ericsson Tandberg offer

February 27, 2007 08.52 Europe/London By Julian Clover

Arris Group has said the company is evaluating Ericsson’s bid for Tandberg Television following Monday’s surprise bid for the technology company. In a statement Arris said it was currently assessing its options but would be making no further comment.

Ericsson’s SKr9.8 billion (€1.05bn) all cash offer for Tandberg represents a 10.4% increase over the offer made by Georgia-based Arris.

During a press conference in Stockholm on Monday afternoon it was revealed that Ericsson had been studying a potential bid for Tandberg for some time following the arrival of new President and CEO Carl-Henric Svanberg. The situation was hastened by last month’s bid for Tandberg by Arris. (JC)

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Filed Under: Finance, Newsline Edited: 27 February 2007 08:52

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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