An investment vehicle of Fidelity, now owns a 6.56 pct stake in Tele Atlas fidelity investment, records from the AFM Dutch markets authority show.Tele Atlas is currently the takeover target of TomTom NV fidelity investment, whose 21.25 eur per Tele Atlas share bid was launched yesterday fidelity investment.
Analysts have been speculating that other parties in the personal navigation sector might put out competing bids ever since Nokia launched a bid on Navteq fidelity investment, the main competitor of Tele Atlas in the digital map making segment fidelity investment.Since the Nokia-Navteq news fidelity investment, the Tele Atlas share price has hovered some 10 pct above the TomTom bid price fidelity investment,fidelity investment sparking talk that TomTom may have to raise its bid at some point.
