NAVTEQ Announces Early Termination of HSR Waiting Period in Connection with Acquisition by Nokia
Chicago, IL – December 7, 2007 – NAVTEQ Corporation (NYSE: NVT), a leading global provider of digital map data for vehicle navigation and location-based solutions, announced today that it has been granted early termination of the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), in connection with Nokia’s (NYSE: NOK) pending acquisition of NAVTEQ.
Termination of the HSR waiting period satisfies one of the conditions to completion of the merger between Nokia and NAVTEQ. Completion of the merger is also subject to the adoption of the merger agreement by NAVTEQ stockholders at the special meeting of stockholders, receipt of other regulatory approvals and the satisfaction of the other closing conditions set forth in the merger agreement.
About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has over 3,100 employees located in 167 offices in 31 countries.
Termination of the HSR waiting period satisfies one of the conditions to completion of the merger between Nokia and NAVTEQ. Completion of the merger is also subject to the adoption of the merger agreement by NAVTEQ stockholders at the special meeting of stockholders, receipt of other regulatory approvals and the satisfaction of the other closing conditions set forth in the merger agreement.
About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has over 3,100 employees located in 167 offices in 31 countries.
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