Monday, July 30, 2007

UPDATE 2-KPN to buy Getronics for $1 bln, core profit flat

(Reuters) - AMSTERDAM, July 30 - Telecoms group KPN
agreed to buy struggling information technology services company
Getronics for 766 million euros , making it
the Dutch market leader in IT services.




KPN , which also beat analysts' expectations by
posting flat second-quarter core earnings on Monday, said the
cash takeover offer at 6.25 euros per Getronics share was part
of a strategy to move from providing communications links to
more value-added services in the business market.


Read more at Reuters.com Bonds News

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