In response to recent market speculation, and after consultation with the Nordic Exchange Stockholm, the Board of Directors of Telelogic AB (Nordic Exchange Stockholm/MidCap/TLOG) confirms that it has received a conditional takeover proposal for all the issued and outstanding shares in the company at SEK 21 per share in cash. However, there can be no assurance that this will result in a transaction.
Telelogic will make a further announcement in the event of further developments.
Telelogic is the leading global provider of software solutions for Enterprise Lifecycle Management (ELM). Award-winning Telelogic software helps customers design, develop, and deliver the world’s most advanced and innovative products, systems, and software more efficiently by aligning and optimizing development lifecycles and business processes with business objectives and customer needs. Telelogic helps customers improve quality and predictability while reducing time-to-market and overall costs. Headquartered in Malmö, Sweden with U.S headquarters in Irvine, California, Telelogic conducts business in more than 40 countries. More than one third of the Fortune Global 500 companies use Telelogic software including marketing-leading aero/defense, automotive, financial services, software/electronic and telecommunications companies and governments worldwide.