Invitel Holdings' terminates trading and its ADS from NYSE Amex stock exchange.
TELECOMWORLDWIRE-18 February 2010-Invitel Holdings' terminates trading and its ADS from NYSE Amex stock exchange(C)1994-2010 M2 COMMUNICATIONS http://www.m2.com
Telecommunications and broadband Internet services provider Invitel Holdings A/S (NYSE AMEX:IHO) declared on Wednesday the removal of its American Depositary Shares (ADSs) or ordinary shares and termination of trading after Wednesday, on the NYSE Amex stock exchange.
Pursuant to the effective Form 25 filed on 8 February 2010 with both the US Securities and Exchange Commission (SEC) and the NYSE Amex to de-list its ADSs from the NYSE Amex stock exchange, these were removed.
Invitel will thereafter deregister, which will be effective 90 days after the filing from the SEC and stop reporting under the US Securities Exchange Act of 1934, as amended, by filing a Form 15 with the SEC.
The company's above decisions follow Mid Europa Partners' tender offer to purchase any and all of its outstanding ordinary shares and the ADSs representing such ordinary shares. Mid Europa now owns about 91.8% of the outstanding Invitel's common stock and has begun acquiring the remaining in a compulsory acquisition procedure under Danish law, which will be completed by 8 July 2010.
Additionally, as a result of the compulsory acquisition procedure, Invitel began terminating the Deposit Agreement of 27 February 2009 with Deutsche Bank Trust Company Americas, which governs the ADSs.
Financial details of the acquisition were not mentioned.
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|Date:||Feb 18, 2010|
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