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VimpelCom to Acquire Golden Telecom for $4.3B

Jan 23, 2009 Cellpex, United States, Ohio - admin




Vimpel-Communications (VIP), Russia's second-largest wireless carrier, has agreed to acquire Golden Telecom (GLDN), a Russian broadband and fixed-line operator, for around $4.24B, or $105/share. The deal represents a 5% premium over Golden's Thursday Nasdaq close. The two companies disclosed they were in talks on Dec. 3. VimpelCom said it will commence a tender offer on or before Jan. 18, to acquire 100% of Golden's outstanding shares. The boards of both companies unanimously approved the transaction. Complete Story »


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