Deals and IPOs

KPN Makes Formal Offer for Getronics


Dutch telecom group KPN has officially launched its 6.25 euros per share offer for Dutch IT services company Getronics and said on Tuesday the offer period will run from Sept. 12 to Oct 12.

On July 30, the former Dutch telecoms monopoly said it planned to buy Getronics for 766 million euros ($1.06 billion) making it the Dutch market leader in IT services.