|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Sweden-Based Ericsson Ratings And Outlook Unchanged On News Of Offer For Tandberg Television Feb 07
Standard & Poors, Feb 2007
Abstract
MADRID (Standard & Poor's) Feb. 27, 2007--Standard & Poor's Ratings Services said today that its ratings and outlook on Swedish communications equipment manufacturer Ericsson (Telefonaktiebolaget L.M.) (BBB-/Positive/A-3) remain unchanged on news of the group's cash offer for Norwegian internet protocol TV technology company Tandberg Television (not rated) for about Swedish krona (SEK) 8.9 billion (-961 million), net of cash. This represents an 18.2% premium on Tandberg's last-90-day weighted average stock price and a 10.4% premium on Arris Group's earlier cash/share offer on Jan. 15, 2007. The transaction is expected to be completed in the second quarter of 2007, pending regulatory approvals. The acquisition, under the terms currently proposed, is consistent with Ericsson's efforts to strengthen and broaden its capabilities in...
Companies mentioned in this report are: Ericsson (Telefonaktiebolaget L.M.)
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
