Press announcement 3M

11.02.2000, 09:10

PRAGUE, Feb 11 (PROTEXT) - 3M Announces Intention to AcquireQuante

ST. PAUL, MINN., AND NEUSS, GERMANY - 1 February 2000 - 3Mand owners of the privately-held, ordinary, common voting stockof Quante have reached an agreement whereby 3M will acquire 100percent of the voting stock of Quante. Quante is a leadingsupplier to the telecommunications equipment market. 3M alsointends to make a subsequent offer to purchase the remainingpreferred, non-voting shares of Quante for 15.00 Euros per share,which shares are publicly traded in Germany, on the Berlin,Dusseldorf, Frankfurt a. Main, Hamburg and Stuttgart stockexchanges.

The transaction would require normal approvals and could becompleted by 1 June 2000.

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Klíčová slova
PROTEXT-3M

Kategorie
IT, komunikace a elektronika

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