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.