Haldex it third company on the Stockholm Stock Exchange, which is being acquired in the years after the American pharmaceutical giant Mylan’s bid for MEDA and principal owner Etibs bid for the restaurant chain NSP.
bid history speak for that we will see at least as many bids in the fall as it has been so far this year. Normally, it is namely get seven bids for listed companies per year on the Stockholm Stock Exchange. When the stock market is at its peak during the 2006, 2007 and 2015 budaktiviteten have been even higher. The peak year was 2006, when the entire 17 the company was bought by Old Mutual’s acquisition of Skandia and EQT / Investors bid for Gambro that feature.
You could believe that it’s in stock prices and low stock prices triggers budcirkusen. It has proved both abroad and on the Stockholm Stock Exchange that most bids occurs when stock prices are at their peak. It usually explained by the high confidence among senior management and the board after a strong stock market and economic boom as well as access to capital is more important for budaktiviteten than low prices and low interest rates.
Last year was one good years with the ten commandments which the Japanese purchase of the Canon network camera company Axis was clearly the biggest deal, worth 24 billion. So far this year, activity has been significantly lower and only in 2013 was a worse bidding since 2001 if it proves that it will more bids this year.
But there are then statistical reasons for that man who share investors bet that there will be a number of bids even in autumn. If, moreover, the positive trend on the Stockholm Stock Exchange from late June to continue during the autumn months can budaktiviteten even really high. The combination of a strong stock market and low interest rates is an excellent breeding ground for bid.
The most natural bidders on the listed company’s existing major shareholder and competitors of the companies. Of the year’s three acquisitions, two, MEDA and Haldex, made by companies in the sector and, NSP, an existing major shareholder. Of last year’s ten commandments were industry competitors for seven of the bids, while the great owners made two buyouts of listed companies: Formica offer for Hemtex and JCE Group’s purchase of Cybercom.
The exception that confirmed rule was EQT’s acquisition of software company IFS. The bid last November was indeed the only one from a venture capital company in a listed company in over three years. One must go back Nordic Capital’s buyout of software company Orc Group from the stock exchange in January 2012 to find the next most recent example.
Are you supposed to guess which industries and companies that are likely budkandidater in autumn is a residential development companies close at hand. Exchange list in recent years have been filled with companies that Bonava, Besqab, ALM Properties and Oscar Properties, and there is certainly a logic to grow through acquisitions now that the new listed companies can use the listed shares as a financing source.
the same reasoning applies to the newly-quoted financial companies. It is not unreasonable that it becomes a höstbud between financial firms where the resource, Intrum Justitia, the TF Bank or Hoist International in any way belong to the parties involved.
Also among the Stock Exchange clothing merchants can get bids. MQ bought such industry colleague Joy in the spring and a company RNB is probably for sale, as major shareholder, KF Stockholm with more than 30 percent of the shares in the past year has sold its entire investment portfolio besides just the shares in RNB. Abroad, there is a strong trend where traders buy up the e-commerce and it could also make the exchange’s small clothing company attracts buyers.
Other possible budkandidater can be found in Kinnevik’s investment portfolio. The media company MTG may well be acquired by Kinnevik itself or by any industry colleague in the telecommunications and / or media. Even Qliro may well be acquired by Kinnevik itself or by any e-commerce investors.
Both MTG as Qliro agree to industries that are currently undergoing major changes and it usually kick on business activity. There was, for example, Telia manager Johan He Lind uncharacteristic clear in an interview in Di in the summer in which he alleged that Telia will increase the proportion of content to offer customers. MTG’s program rights would be a way to solve the knot.
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