Elisa, Lounet oy agree to merge, 0.07 Elisa new share for each Lounet share |
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Published
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Fri, 25 May 2007 07:20
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HELSINKI (Thomson Financial) - Elisa said it has signed a merger plan with Lounet Oy, a Finnish southwestern telephone company in which it owns 80.51 pct, to generate a stronger and more competitive entity and simplify Elisa's current group structure.Lounet shareholders will receive 0.07 Elisa new share in exchange for each Lounet share.The merger is expected to complete on September 30.azer.sawiris@thomson.comafs/jfrCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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