PRESS RELEASE
May 26, 2008
Not for release, publication or distribution in Australia, Canada, Japan, New
Zealand, South Africa or the United States.
Cidron Services' tender offer for TietoEnator lapses
The offer period of Cidron Services Oy's tender offer for the shares and stock
options in Tietoenator Corporation expired on May 23, 2008. The conditions to
the completion of the tender offer were not fulfilled during such offer period.
Cidron Services Oy does not further extend the offer period and, therefore, the
tender offer lapses.
Comment from Robert Furuhjelm, Director of Cidron Services and Partner, Nordic
Capital:
“Cidron Services' offer, with a premium of nearly 40 percent, represented a very
attractive proposition for TietoEnator's shareholders both from a value and
certainty perspective. As the conditions for the offer have not been fulfilled
in spite of three extensions of the offer period, Cidron Services has decided to
let the tender offer lapse.”
Cidron Services Oy