Schneider Electric:Hart-Scott-Rodino Period For Telvent Expired
01 Julio 2011 - 2:06AM
Noticias Dow Jones
French electric equipment group Schneider Electric SQ (SU.FR)
Friday said that the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended ("HSR Act"), has
expired in connection with the previously announced cash tender
offer made by Schneider Electric to purchase all of the issued
shares of Telvent GIT SA (TLVT).
MAIN FACTS:
- The expiration of the waiting period under the HSR Act
satisfies one of the conditions for the consummation of the tender
offer.
- Consummation of the tender offer remains subject to
satisfaction or waiver of various other conditions described in the
Offer to Purchase filed with the U.S. Securities and Exchange
Commission on June 21, including the regulatory approval by the
European Union competition authority.
- By Paris Bureau, Dow Jones Newswires; +331-4017-1740;
geraldine.amiel@dowjones.com
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