Business Services Industry
Karolin Machine Tool AB rejects bid by investor Nordstjernan AB
Nordic Business Report, Nov 20, 2007
NORDIC BUSINESS REPORT-20 November 2007-Karolin Machine Tool AB rejects bid by investor Nordstjernan AB(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
The board of the Swedish production machinery manufacturer Karolin Machine Tool AB (KMT) issued a statement on Tuesday (20 November) recommending shareholders to reject the investor Nordstjernan AB's recent cash bid for the outstanding shares in the company.
Nordstjernan, which already controls some 73% of the votes and shares of KMT, is offering SEK105 per share for the remaining shares. According to KMT's board the offer undervalues the shares.
KMT, headquartered in Stockholm, Sweden, develops and manufactures production machinery for the engineering industries. The company has some 825 employees and reported revenues of SEK1,586m in 2006.
One British pound (GBP) is worth approximately 12.95 Swedish kronor (SEK).
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express