CHICAGO, Nov. 26 /PRNewswire-FirstCall/ -- NAVTEQ Corporation , a leading global provider of digital map data for vehicle navigation and location-based solutions, today announced that a special meeting of stockholders will be held on Wednesday, December 12, to consider approval of the previously announced merger agreement entered into with Nokia.
NAVTEQ stockholders of record at the close of business on November 13, 2007, are entitled to notice of the special meeting and to vote on the adoption of the merger agreement. The special meeting will be held on December 12, 2007 at 9:00 a.m. Central Time at the Hyatt Regency Chicago, Columbian Room, 151 E. Wacker Drive, Chicago, Illinois 60601. The proxy statement dated November 13, 2007 and accompanying proxy card were mailed to NAVTEQ stockholders on or about November 16, 2007.
Completion of the merger is subject to the adoption of the merger agreement by NAVTEQ stockholders at the special meeting and the satisfaction of the other closing conditions set forth in the merger agreement. NAVTEQ currently expects to complete the proposed merger in the first quarter of 2008.
About NAVTEQ
NAVTEQ is a leading provider of comprehensive digital map information for automotive navigation systems, mobile navigation devices, Internet-based mapping applications, and government and business solutions. NAVTEQ creates the digital maps and map content that power navigation and location-based services solutions around the world. The Chicago-based company was founded in 1985 and has over 3,100 employees located in 167 offices in 31 countries.
NAVTEQ is a trademark in the U.S. and other countries. All rights reserved.
NAVTEQ filed a definitive proxy statement with the Securities and Exchange Commission with respect to the proposed merger. The definitive proxy statement, was mailed to NAVTEQ stockholders on or about November 16, 2007 seeking their approval of the proposed merger. Investors and NAVTEQ stockholders are urged to read carefully the proxy statement before making any voting decision because it contains important information about the proposed merger. In addition, the proxy statement and other documents filed with the SEC by NAVTEQ may be obtained free of charge from NAVTEQ's website at http://www.navteq.com/ or by directing a request to NAVTEQ, 425 W. Randolph St., Chicago, IL 60606, Attention: Investor Relations, telephone: (312) 894-7500.
NAVTEQ and certain of its executive officers, directors and other employees may be deemed to be participants in the solicitation of proxies from NAVTEQ's stockholders in connection with the proposed merger. Information about the executive officers, directors and other employees of NAVTEQ and their direct or indirect interests, by security holdings or otherwise, in the merger is set forth in the proxy statement and is also included in NAVTEQ's proxy statement for its 2007 Annual Meeting, which was filed with the SEC on April 10, 2007 and Annual Report on form 10-K for the year ended December 31, 2006. These documents are available free of charge at the SEC's web site at http://www.sec.gov/ and from Investor Relations at NAVTEQ as described above.
This document may include certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" or words of similar meaning. Such statements may include, but are not limited to, planned expenditures and expectations of future financial performance and operating results. The statements are based on our current beliefs or expectations and are inherently subject to various risks and uncertainties, including those set forth under "Item 1A. Risk Factors" in each of the Company's most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission.
Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. NAVTEQ does not undertake any obligation to update any forward-looking statements contained in this document.
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