NVT - Navteq; Enter at current price around $75
Navteq has been acquired by Nokia Corp for $78 per share in CASH. The deal is approved by Navteq shareholders and US Antitrust Regulators, and is supposed to close around mid Feb. This should give an annualized return of approx 24% ($3 gain on $75 invested, 4% return in about 2 months)
Jan 24, 2008 - (NVT: $73.81) - Further updates on the deal: Nokia confirms financing deal to acquire Navteq
Note: The deal has not yet been approved by European antitrust regulators.
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