Ericsson has received the go-ahead from competition authorities to acquire all outstanding shares in Tandberg Television, Ericcson announced April 23.
All conditions in the terms and conditions set in the Feb. 26 offer document have been met, allowing Ericsson to complete the offer. Settlement for the shares submitted in the voluntary public cash offer is expected on or about April 25; after settlement, Ericsson will proceed with a mandatory offer for the remaining shares in Tandberg as required under chapter four of the Norwegian Securities Trading Act.