Wednesday, February 11, 2015

Robur selling Axis shares – Realtid.se

Robur selling Axis shares – Realtid.se

Today flagging Swedbank Robur for a sale of 361,469 shares in nätkameraföretaget Axis. The sale took place yesterday, the same day when Canon added a miljardbud the company of SEK 340 per share.

When the deal became known yesterday morning rushed shares by as much as 49 per cent in the opening trade. The course ended at 340.10 per share.

In the opening trade on Wednesday morning took the course down about 0.50 percent to 338.20 per share.

Swedbank Robur reduced its possession 3540495-3179026, bringing them under the 5 percent threshold for the shares and voting rights in the company. As late as December, Robur stepped across the border.

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At the same time, Swedbank out today and recommends shareholders in Axis to accept Canon’s bid. The target price is SEK 340, which is also the level of the bid, according to a market-mail.

Swedbank analyst believes that a bidding war on the Axis is possible but unlikely.

Pareto Securities also cut its recommendation for Axis to sell from previous retention. Pareto think investors should take up the Canon’s bid for the company. Target price raised to 333 crowns from previous SEK 200, according to a market letter.

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