In a filing with the
That alliance, which requires the two companies to vote in unison on key company issues, created a controlling syndicate with a combined 55.2 percent stake in TA.
Because their combined stake is higher than 30 percent, the pact triggered a mandatory takeover offer for the remaining stock held by minority shareholders.
Those shareholders will have between Thursday and
Through ÖIAG, the Austrian government controls 28.4 percent of
As part of the pact,
TA, which has roughly 23 million fixed-line and wireless subscribers in eight countries of central, eastern and southeastern
Most Popular Stories
- National Retail Federation Reduces Sales Forecast
- Hispanic Leader Goes the Extra Mile
- Xavier Gutierrez Appointed to Bank Board
- Ted Cruz: Why Did FAA Ban Flights to Israel?
- Morgan Stanley Ponies Up $275 Million to Settle SEC Charges
- Honda' s Accord Plug-in Hybrid Is a Fuel Miser
- Stop-Start Engines Save Gas, Reduce Emissions
- Long-term Strengths Emerge in U.S. Economy
- Risks of Layoffs Becoming Rarer in U.S.
- Weekly Jobless Claims Drop to Lowest Level in 8 Years