Telelogic’s Board of Directors recommends the offer from IBM
MALMÖ, Sweden – June 11, 2007 – Statement by the Board of Directors of Telelogic AB (publ) in relation to the public offer from International Business Machines Corporation.Summary- Offer price of SEK 21 in cash per Telelogic share, which values the Offer at approximately SEK 5.2 billion.- The Offer represents a premium of approximately (i) 21 per cent to the closing share price on 31 May 2007, being the last day prior to market speculation regarding a potential acquisition of Telelogic; (ii) 25 per cent to the average closing share price for the last 20 trading days up to and