Monday, 11 June 2007

UPDATE 1-Stratos recommends acceptance of new CIP bid

(Reuters) - Stratos, which provides telecom services to customers in
remote parts of the world, said CIP has raised its offer to C$7
a share from C$6.40.




"We are pleased that CIP Canada decided to increase its
offer price following discussions initiated by Stratos with
certain of our major shareholders," Stratos Chairman Charles
Bissegger said in a statement.


Read more at Reuters.com Mergers News

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