[May 15, 2012] TeliaSonera Finalizes TEO Transaction with East Capital Tweet May 15, 2012 (Close-Up Media via COMTEX) -- TeliaSonera announced the agreement to acquire 7.87 percent of the shares in TEO LT from East Capital for EUR 0.637 (LTL 2.20) per share, and the transaction was completed on May 10. Since 8 May, TeliaSonera has also acquired an additional 6.55 percent of the outstanding shares in TEO LT through open market purchases at the same price (EUR 0.637/LTL 2.20) as paid to East Capital. As a result of these transactions, TeliaSonera's ownership in TEO LT will after settlement increase to 82.71 percent. The bid in the open market continues and the process to launch the announced voluntary takeover bid for the remaining outstanding shares in TEO LT is ongoing, and will start as soon as all related approvals are received. All shareholders of TEO LT will be offered the same price of EUR 0.637 (LTL 2.20) per share. TeliaSonera is committed to providing the same opportunity to all shareholders who wish to sell their shares in TEO LT. TeliaSonera AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instrument Trading Act. The information was submitted for publication at 6 p.m. CET on May 10, . ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]