German Court OKs T-Online Takeover by Deutsche Telekom
An AP newswire article, via ABC News, reports that:
Internet service provider T-Online International AG said Thursday that a German federal court has cleared the way for its absorption by majority owner Deutsche Telekom AG, dismissing appeals against the deal.More here.
The Federal Court of Justice rejected as "inadmissible" complaints against a Frankfurt court's ruling that pending lawsuits by shareholders should not block any registration of the deal, T-Online said in a statement.
Following the decision, "the merger will take effect once it has been entered in the commercial registers of both companies," it added.
T-Online is Europe's largest ISP and has more than 13.5 million subscribers.
posted by Fergie @ 6/01/2006 07:15:00 AM
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