Lund. The Japanese giant company Canon has added a storbud on the Swedish stock exchange rocket, the IT company Axis of Lund. The deal is worth over 20 billion.
From a press release, it appears that Canon makes a bid for Axis and offers 340 per share in cash.
According to Business Week, the offer represents a premium of 49.8 percent compared with Axis closing price of 226: 90 crowns on 9 February. Calculated based on the weighted average price over the last 90 trading days premium is approximately 70.6 percent.
The tender offer is expected to begin around March 3 and end on or around 1 April.
The Board of Directors recommends the offer and 39, 5 percent of the owners have committed to accept the offer. It is clear from a press release.
Axis offers network video solutions for security purposes include airports and casinos.
Axis had sales in 2013 over 4.7 billion and had approximately 1,600 employees in 40 countries. Headquartered in Lund.
When Business Week for a number of years ago listed exchange’s best companies based on indicators and stock performance was one Axis. When the survey was repeated in October 2013 placed the Axis in the top tier.
No comments:
Post a Comment