EU to approve TomTom/Tele Atlas deal; look at Nokia/Navteq more closely - source
March 19, 2008: 11:38 AM EST
I found nothing "official" at the European Commission websites to substantiate the "source". TomTom offer for Tele is 30 Euro cash and Tele currently trades at at 22 Euro ~33% discount. Tele apparently trades on the pink sheets under TLATF, but the volume - and thus liquidity - looks to be extremely low or even non-existant. Intraday had a decent bounce and some retracement.
Any experience purchasing foreign stock on a foreign exchange with Schwab. I haven't called them yet, but if anyone has any experience I like to hear your two cents worth.
I owned both Tom Tom and Tele Atlas via the following tickers (through Etrade):
Tom Tom TMOAF
Tele Atlas TLATF
The prices on these dont reflect the changes since the last trade, and they dont trade often...
Type those tickers into the Etrade (dont need an account) quote box and you get the graph, quote etc. Essentially, these are ADRs (slightly different, but essentially the same). Volumes are small, and you HAVE to use a limit order.
You can get the european quotes using:
Look up the exchange rate for the currencies (Euro I believe), apply to the .AS quote and you get your limit order amount. It works!