Avion Group extends offer for Atlas Cold Storage

Avion Group extends offer for Atlas Cold Storage. Check it out:

(Nordic Business Report Via Thomson Dialog NewsEdge) Icelandic investment company Avion Group's offer to acquire all of the outstanding trust units of Atlas Cold Storage Income Trust will be extended to 6 October, Avion announced on Thursday (21 September).

Click here to learn more about e911 and its impact on VoIP

Click Here to Learn How You Can Profit from IP Communications. Live, in Person at INTERNET TELEPHONY Conference & EXPO West 2006 in San Diego.

IPTV is coming fast. Educated service providers will reap profits first. Learn how at FierceMarkets' IPTV Evolution Workshop this fall.

Get Your IMS Education from The Expert Team at INTERNET TELEPHONY Magazine and TMCnet. This Fall in San Diego at IMS Expo.

The offer was due to expire on Friday (22 September). The offer was originally announced on 3 August 2006 and was mailed to Atlas unit holders on 17 August 2006.

The terms of the offer remain unchanged.

Avion Group's offer is for CAD7 per Atlas share in cash, valuing the company at CAD574m (enterprise value).

One Canadian dollar (CAD) is worth approximately 0.47 British pounds (GBP).

((Comments on this story may be sent to [email protected]))

Copyright 2006 M2 Communications Ltd.. Source: Financial Times Information Limited.

The opinions and views expressed in comments, blogs, etc. are those of the authors alone and not necessarily those of TMC, TMCnet, or its editors. TMCnet reserves the right to edit, delete, or otherwise make changes to the content that appears on these pages at its own discretion and as it deems necessary.

September 21, 2006 6:34 PM

Listed below are links to sites that reference Avion Group extends offer for Atlas Cold Storage: