TomTom and Tele Atlas filing transaction with EC competition authority



TomTom and Tele Atlas filing transaction with EC competition authority
TomTom N.V. and Tele Atlas N.V. today jointly announce that on 21 September 2007 the national competition authorities have approved the request of TomTom and Tele Atlas for the transaction to be referred for review to the EC. This request was made by the parties in order to allow the EC to review the transaction rather than submitting separate filings to different national competition authorities. The parties are in the process of filing the transaction with the EC. In addition, preparations for filing with the U.S. competition authorities are ongoing.

TomTom N.V. and Tele Atlas N.V. intend to publish an offer memorandum for the intended recommended public cash offer for all outstanding shares of Tele Atlas N.V. at an offer price of €21.25 in cash per ordinary share on 2 October 2007.

Monday, September 24th 2007

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