SECURITIES AND EXCHANGE COMMISSION
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
VIVO PARTICIPAÇÕES S.A.
Publicly-held company
CNPJ 02.558.074/0001-73 NIRE 35.3.0015879-2
NOTICE TO THE MARKET
Vivo Participações S.A. (the “Company”) informs that, in relation to the Notice of Material Fact of August 02, 2007, in which it was informed the acquisition by the Company, of the shares of Telemig Celular Participações S.A. and Tele Norte Celular Participações S.A. from Telpart Participações S.A. (“Telpart”) that, in view of the reverse split of shares approved by Telemig Celular Participações S.A general shareholders’ meeting held on July 12, 2007 and completed on August 23, 2007, the price of the Voluntary Tender Offer of Telemig Celular Participações S.A shares informed in the referred Notice of Material Fact was adequated, resulting, therefore, in the amount indicated below, remaining, however, unchanged its absolut value in relation to the one previously informed (when the shares were negotiated in tranches of thousand).
Target Company |
Price offered for each share (1) PN of any one of the existing classes |
% of the Premiun over the weighted average of the last 30 auctions until 08/01/07 |
% of the Premiun over the weighted average of the last 90 auctions until 08/01/07 |
Telemig Celular Participações |
R$ 63.90 per share |
25% |
35.7% |
Telemig Celular |
R$ 654.72 per share |
25% |
28.7% |
(1) Considering Telemig Celular, the premium was calculated based on the value of the Class C preferred shares (TMGC7) (class of PN shares of the referred company with the major liquidity ratio).
For reference purposes, Vivo Participações informs that considering the reverse split above mentioned, the price agreed in the stock purchase agreement of Telemig Celular Participações shares, executed with Telpart on August 2, 2007, of R$1,093,090,107.00 by the shares issued by Telemig Celular Participações and owned by Telpart, is of R$142.10 per common share and R$ 63.90 per preferred share of Telemig Participações.
The price of Telemig Celular Participações’ common shares implies in the amount of R$2,488.29 per common share of Telemig Celular. As informed in the Notice of Material Fact of 08/02/2007, as from the execution until the Closing date (that has not occured yet), the Purchase Price shall be accrued by the daily average CDI rate (Certificado de Depósito Interfinanceiro – CDI) and shall be subject to certain adjustments, as stated in the stock purchase agreement entered by and between Vivo Participações and Telpart.
São Paulo, December 21, 2007.
Ernesto Gardelliano
Investor Relations Director
SIGNATURE
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VIVO PARTICIPAÇÕES S.A. |
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By: |
/S/ Ernesto Gardelliano
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Ernesto Gardelliano
Investor Relations Officer |
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