Thread: Nokia Aquires NAVTEQ
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2007-10-02 , 06:25
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#23
Originally Posted by ScottRD View Post
I guess this just depends on how technical you want to be. The acquisition has been approved by the board of directors of both companies and all that still needs to occur is the actual closing. My understanding is that this means it is essentially a "done deal"
Before the credit crunch, you'd be right (though shareholders normally would get a vote too, they rarely vote against such mergers). Now that UBS is narrowly avoiding bankruptcy and the other big banks and desperate to back of any deals with even the hint of problems, I still wouldn't call it a done deal. Wait and see how Nokia plans on paying for it.