Tele Atlas Receives TomTom's Intention To Make a New Offer
's-Hertogenbosch, The Netherlands, November 7, 2007 - Tele Atlas NV
(FSE: TA6, EUNV: TA), a leading global provider of digital maps and
dynamic content for navigation and location based solutions,
announces the following.
With reference to our press release of 1 November 2007 and the press
release of TomTom dated 7 November 2007, Tele Atlas hereby confirms
the receipt of a letter of TomTom terminating its offer for all
outstanding shares of ¤ 21.25 in cash per share and announcing its
intention to make a new offer for all outstanding shares of ¤ 30 in
cash per share.
Tele Atlas will review the terms and conditions of the new offer and
will inform the market on further steps as soon as reasonably
possible.
This is an announcement pursuant to section 9b(1) of the Dutch
Securities Markets Decree (Besluit Toezicht Effectenverkeer 1995).
For more information, please contact:
Press Europe:
Dirk Snauwaert
Public Relations Director Tele Atlas EMEA
Phone: +32 475 69 30 97
e-mail: dirk.snauwaert@teleatlas.com
Other Press:
Margot Carlson Delogne
Vice President, Global Communications
Phone:+1 617 570 6307
Margot.delogne@teleatlas.com
Investment Community
Jan Wirken
Investor Relations Manager
Phone: + 31 73 640 21 60
jan.wirken@teleatlas.com
Ticker Symbols
ISIN: NL0000233948
Eurolist by Euronext Symbol: TA
Geregelter Markt in Frankfurt (TecDax) Symbol: TA6
WKN: 927101
About Tele Atlas
Tele Atlas delivers the digital maps and dynamic content that power
some of the world's most essential navigation and location-based
services. The information is the foundation for a wide range of
personal and in-car navigation systems and mobile and Internet map
applications that help users find the people, places, products, and
services they need, wherever they are. The company also works with
business partners who trust its digital map data to deliver critical
applications for emergency, business, fleet, and infrastructure
services. Founded in 1984, Tele Atlas has approximately 2,400
full-time staff and contract cartographers at offices in 24 countries
and uses a sophisticated network of professional drivers, mobile
mapping vans, and more than 50,000 data resources to deliver highly
accurate and up-to-date digital maps. Tele Atlas is listed on the
Frankfurt Stock Exchange (TA6) and on Euronext Amsterdam (TA). For
more information, visit www.teleatlas.com.
This announcement does not constitute an offer to purchase any
securities, nor a solicitation of any offer, proxy, consent or
authorization to buy or subscribe for any securities of Tele Atlas or
any other securities, nor shall it (or any part of it) form the basis
of, or be relied upon in connection with, any contract therefore. In
the event that an offer is made, details of the offer will be set out
in an offer memorandum, which will contain the full terms and
conditions of the offer including how the offer can be accepted, and
which will be made available to all holders of securities of Tele
Atlas free of charge.
This announcement is a press release and not a prospectus and holders
of ordinary shares in Tele Atlas should not make any decisions except
on the basis of the information contained in an offer memorandum.
The press release can be downloaded from the following link: