Monday, July 30, 2007

UPDATE 1-KPN to bid for Getronics, reports Q2 results

(Reuters) - KPN will spend an additional 415 million euros on buying
back Getronics' outstanding convertible bonds maturing in 2008,
2010 and 2014 as well as preference shares, Chief Financial
Officer Marcel Smits said.




KPN, which also announced second quarter results early, said
the takeover, unanimously supported by Getronics' management and
supervisory boards, was part of its strategy to move from
providing communications links to more value-added services.


Read more at Reuters.com Mergers News

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