June 6th, 2008 by Arjan Olsder Posted in Companies & M&A | No Comments »
The European commission has given Nokia the green light to acquire mobile Linux specialist Trolltech. With the Trolltech acquisition, Nokia seems to prepare itself to start the development of Linux based devices.
Settlement for the shares tendered in the offer is expected to take place on June 6, 2008. In accordance with section 3.9 of the offer document, Nokia has determined that the tendered shares shall be acquired by its wholly owned subsidiary, Nokia Norge AS.
Following the completion of the offer, Nokia owns 52 411 283 shares and votes in Trolltech, representing 99.4% of all the shares outstanding in Trolltech.
Nokia intends to initiate a compulsory acquisition of the remaining shares in Trolltech in accordance with section 4-25 of the Norwegian Public Limited Companies Act. Such compulsory acquisition of shares is expected to take effect on or about 6 June, 2008. In addition, Nokia will apply for the delisting of Trolltech’s share from the Oslo Stock Exchange, effective as soon as possible.
