Monday, July 30, 2007

UPDATE 3-KPN to buy Getronics for $1 bln, core profit flat

(Reuters) - AMSTERDAM, July 30 - Telecoms group KPN
has agreed to buy struggling information technology services
company Getronics for 766 million euros ,
making it the Dutch market leader in IT services.




KPN , which also beat analysts' expectations by
posting flat second-quarter core earnings on Monday, said the
cash takeover offer at 6.25 euros per Getronics share was part
of its strategy to move from providing communications links to
more value-added services in the business market.


Read more at Reuters.com Market News

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