0
General

Tecnotree recommends buyout offer from Viking Acquisitions

Thursday 8 March 2018 | 12:00 CET | News
Finnish communications software company Tecnotree said its directors are recommending a takeover bid by Viking Acquisitions. Viking will make a voluntary EUR 0.10 per share public cash tender offer on or about 16 March to buy all of the issued and outstanding stock in Tecnotree. This values Tecnotree at approximately EUR 12.26 million on a fully diluted basis.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Tecnotree
Countries: Finland / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Tecnotree Q2 sales improve over Q1 but financing uncertainty remains

Published 10 Aug 2018 12:51 CET | World
Finnish communications software provider Tecnotree said that second quarter net sales fell to EUR 9.8 million from EUR 15.1 ...

Nepal Telecom selects Tecnotree as provider of roaming billing system

Published 04 Jul 2018 11:06 CET | Nepal
Tecnotree's billing system was picked by Nepal Telecom to handle its mobile international roaming. Tecnotree will supply the ...

Viking plans to make final offer for Tecnotree and call EGM vote

Published 22 Jun 2018 14:18 CET | World
Viking Acquisitions said it intends to make a final offer for Finnish communications software provider Tecnotree. The plan ...

Viking files for Tecnotree bankruptcy despite debt payment

Published 19 Jun 2018 14:37 CET | Finland
Finnish communications software provider Tecnotree said that Viking Acquisition's application to Espoo District Court, seeking ...

Viking sees no point in further talks with Tecnotree but still interested in intellectual property

Published 05 Jun 2018 11:49 CET | Finland
Viking Acquisition said it is disappointed that shareholders at Tecnotree's AGM last week decided not to elect Viking's nominees ...

Tecnotree suffers sharp drop in Q1 revenue, still seeks financing to keep going

Published 28 May 2018 12:59 CET | World
Finnish communications software provider Tecnotree has reported a large drop in first quarter revenue in what it called a ...

Tecnotree confirms that Viking misses bid take-up threshold

Published 07 May 2018 12:58 CET | Finland
Tecnotree has issued the final results of the EUR 0.10 per share offer by Viking Acquisitions and confirmed that by 04 May, the ...

Tecnotree issues profit warning as Viking Acquisitions bid shortfall fears cause delays in customer orders

Published 26 Apr 2018 13:35 CET | Finland
Finnish communications software company Tecnotree Corporation has issued a profit warning, saying it can no longer give any ...

Viking extends Tecnotree offer period as it misses completion threshold

Published 17 Apr 2018 12:19 CET | Finland
Finnish communications software company Tecnotree said that approximately 59.9 percent of shares and votes in the firm had been ...

Tecnotree says adviser backs takeover offer, warns over jobs and locations

Published 13 Mar 2018 13:18 CET | World
Finnish communications software company Tecnotree said that financial adviser Ernst & Young has deemed the EUR 0.10 takeover ...

Tecnotree proposes no FY dividend as financial situation remains 'tight'

Published 05 Mar 2018 12:25 CET | Finland
Tecnotree posted a one-off goodwill write-down of EUR 16.7 million for both the fourth quarter and full year 2017, according to ...

Tecnotree warns of EUR 16.7 mln impairment in FY results, brings report forward

Published 27 Feb 2018 12:10 CET | Finland
Finnish company Tecnotree has announced that it will recognise EUR 16.7 million in impairments in its 2017 financial results, ...

Tecnotree lifts profit in Q3 but is still struggling with liquidity issues

Published 27 Oct 2017 14:31 CET | Finland
Finnish company Tecnotree raised its net profit in the third quarter to EUR 0.1 million from a loss the year before of 0.01 ...

Tecnotree makes 13 people redundant, expects to save EUR 1.1 mln a year

Published 22 Sep 2017 13:28 CET | Finland
Tecnotree said it has completed talks to reduce its workforce and will make thirteen people in Finland redundant in all, five of ...

Tecnotree aims to cut up to 20 jobs, lower costs by EUR 5 mln

Published 19 Jul 2017 11:44 CET | Finland
Finnish company Tecnotree said it will start negotiating a reduction in its workforce of up to 20 people, on financial and ...