Vimpel-Communications (NYSE: VIP), a Russian telecom and wireless provider, has announced that the offering period of its indirectly wholly-owned subsidiary, Lillian Acquisition, for all outstanding shares of Golden Telecom, Inc. (NASDAQ: GLDN), has completed.
It noted that approximately 94% of Golden Telecom's common stock have been tendered for $105.00 per share during this period, allowing a "short-form" merger without stockholder vote approval. As soon as deemed appropriate, Lillian Acquisition with VimpelCom Finance will merge Lillian Acquisition with Golden Telecom, paying the remaining 6% of Golden Telecom $105 per share.
This merger completion was expected and you can tell by Golden Telecom trading at $104.97 this morning. The 52 week range is $47.00 to $114.85, and this had been one of the strong performers in recent years with shares up exponentially in the last 5-years. Vimpel-Com was down $0.05 to $37.65 this morning, and its 52-week trading range is $15.07 to $45.48.
It noted that approximately 94% of Golden Telecom's common stock have been tendered for $105.00 per share during this period, allowing a "short-form" merger without stockholder vote approval. As soon as deemed appropriate, Lillian Acquisition with VimpelCom Finance will merge Lillian Acquisition with Golden Telecom, paying the remaining 6% of Golden Telecom $105 per share.
This merger completion was expected and you can tell by Golden Telecom trading at $104.97 this morning. The 52 week range is $47.00 to $114.85, and this had been one of the strong performers in recent years with shares up exponentially in the last 5-years. Vimpel-Com was down $0.05 to $37.65 this morning, and its 52-week trading range is $15.07 to $45.48.
