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

Tuesday 13 March 2018 | 13:18 CET | News

Finnish communications software company Tecnotree said that financial adviser Ernst & Young has deemed the EUR 0.10 takeover offer announced on 08 March by Viking Acquisitions as a fair one. It added that its directors have decided that the offer is in the interests of Tecnotree shareholders, even considering a clause whereby Tecnotree has undertaken not to solicit competing proposals or promote the progress of such proposals.

Considering the financial position of the company, the directors cannot be ruled out that completion of the offer could affect Tecnotree’s operations and business locations, and the number of jobs at the company.

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