Comptel acquisition offer by Nokia could collapse owing to increased overseas holdings translated)
10 MAR 2017
Foreign investors have started increasing their holdings in the Finnish telco software company Comptel [HEL:CTL1V], which could cause the collapse of the takeover offer by the Finnish telco equipment giant Nokia [HEL:NOKIA], according to Arvopaperi.
The Finnish-language piece cited shares register as its source stating that foreign investors seem to believe that someone is set to make a competing bid for the company adding that Nokia will have to raise its offer for Comptel.
The foreign investors have increased their stake in Comptel since last month, the item added. Nokia will have to secure at least 90% of Comptel's shares in a tender offer in order to have the right to redeem the remaining shares. The tender offer expires on 29 March.
Link to original source.