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TomTom raises offer for Tele Atlas: take that Garmin

TomTom raises offer for Tele Atlas: take that Garmin
Thomas Ricker
Thomas Ricker|@trixxy|November 7, 2007 7:01 AM

Man, we were only half kidding when we suggested that Tele Atlas hold out for more money. But sure enough, they're now looking at a sweet €30.00 per share offer as followup to TomTom's original €21.25 offer which took just a tad too long to formalize. That's a bump from $2.56 billion to $4.22 billion. So Garmin... you ready to bump your $3.3 billion bid or shall we just consider this matter closed?
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