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Ericsson concludes Tandberg offer

March 19, 2007 11.44 Europe/London By Donald Koeleman

Ericsson has received acceptances and purchased shares representing 87.4% of Tandberg Television. Ericsson has waived the 90% acceptance condition, set in the original all cash NKr106 per share offer.

Following the required anti-trust clearance and absence of adverse changes Ericsson intends to complete the voluntary public cash offer as soon as possible. To be followed by a mandatory offer for the remaining outstanding shares in Tandberg Television as required by the Norwegian Securities Trading Act.

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Filed Under: Finance, Newsline, Tech Edited: 19 March 2007 11:49

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