(Reuters) - AMSTERDAM, July 23 - Dutch navigation systems
company TomTom plans to buy its main supplier of
digital maps, Tele Atlas N.V. , for 1.8 billion euros
in cash, the companies said on Monday.
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
for Netherlands-based Tele Atlas.
Read more at Reuters.com Mergers News
company TomTom plans to buy its main supplier of
digital maps, Tele Atlas N.V. , for 1.8 billion euros
in cash, the companies said on Monday.
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
for Netherlands-based Tele Atlas.
Read more at Reuters.com Mergers News
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