Monday, August 15, 2005
Vimpelcom Meeting Today
"15/08/2005Vimpelcom general assembly to decide on URS/Wellcom acquisition today
Story:Telenor and Alfa Group, the Norwegian telco and the Russian investment company, are to battle it out about Ukrainian mobile company URS/Wellcom today, Monday, according to Dagens Naeringsliv. The paper which cited no specific sources, reported that the two opponents, which are both shareholders in the Russian telecom company Vimpelcom, are to meet today at Vimpelcom�s extraordinary general assembly in which shareholders are to vote on whether Vimpelcom should acquire URS or not. Alfa Group needs 50% of the votes in order to make the acquisition happen. The paper reported that both Telenor and Alfa have sent letters to the Vimpelcom shareholders explaining their opinions.
Source:Dagens Naeringsliv
Value:$206m (price which Alfa Group wishes to pay for target) "
Story:Telenor and Alfa Group, the Norwegian telco and the Russian investment company, are to battle it out about Ukrainian mobile company URS/Wellcom today, Monday, according to Dagens Naeringsliv. The paper which cited no specific sources, reported that the two opponents, which are both shareholders in the Russian telecom company Vimpelcom, are to meet today at Vimpelcom�s extraordinary general assembly in which shareholders are to vote on whether Vimpelcom should acquire URS or not. Alfa Group needs 50% of the votes in order to make the acquisition happen. The paper reported that both Telenor and Alfa have sent letters to the Vimpelcom shareholders explaining their opinions.
Source:Dagens Naeringsliv
Value:$206m (price which Alfa Group wishes to pay for target) "
