KPN launched its 6.25 euros ($8.50) per share cash offer on July 31 and said the two sides were making good progress in preparing he groundwork for the acquisition, with the terms and conditions of the bid expected to be set out in an official memorandum next month.
KPN also said it has received positive feedback about the merger plans from the works councils representing Getronics’ Dutch business as well as its own employees. Getronics shares traded at 2% under the offer price at 6.11 euros on Wednesday morning.
