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TomTom EGM postponed

Dutch satnav company TomTom has postponed an extraordinary general meeting originally scheduled for 13 November.

This follows its increased offer made this week for shares in Tele Atlas the digital mapping company (see: TomTom raises bid for Tele Atlas).

Analysts suggest that Garmin, which has also bid for Tele Atlas,  is losing the race, because TomTom has secured at least 28% of the stock.

November 9, 2007

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