TomTom Says It Isn't Looking for Buyers, Contradicts Media Reports -- Update
29 Marzo 2018 - 8:08AM
Dow Jones News
(Added Reuters report and market capitalization.)
By Carlo Martuscelli
TomTom NV (TOM2.AE) said Wednesday that it hadn't engaged a
financial advisor to look for buyers, responding to rumors
circulating in the market.
Reuters reported on Wednesday that the Dutch
navigation-technology provider had engaged Deutsche Bank AG
(DBK.XE) to assist with the sale of either the entire company or a
partial stake, according to people close to the matter.
Potential buyers being considered included Asian investors, the
sources told Reuters. The Amsterdam-listed company has a market
capitalization of 1.74 billion euros ($2.15 billion).
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
March 29, 2018 01:53 ET (05:53 GMT)
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