Business Services Industry
Pergo AB and HW Industries GmbH & Co KG settle dispute
Nordic Business Report, March 6, 2006
NORDIC BUSINESS REPORT-6 March 2006-Pergo AB and HW Industries GmbH & Co KG settle dispute(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish flooring company Pergo AB announced on Friday (3 March) that it had settled a dispute with German company HW Industries GmbH & Co KG.
The dispute related to Pergo's acquisition of Witex AG in 2003, involving the termination of a share purchase agreement.
"The parties have agreed not to disclose the specific terms of the settlement, but have agreed to disclose that the net financial effect of the settlement will be an elimination of legal fees related to the dispute going forward," Pergo said in a statement.
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