TMOAF - TomTom Is Staging The House - 60% Upside As Acquisition Target (Video + Podcast)
I am sure many remember TomTom (TMOAF) as the global leader in navigational devices 10 years ago. Unfortunately since then, there haven't been many positives about the company, but it looks like things are changing. The company sold their Telematics business for 910 million euros and will pay a capital return to shareholders of 750 million euros that is tax free.
After the transaction the only business segment left will be mapping - alongside a clean balance sheet. The decision of the founders and majority owners not to invest the money into growth