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Etteplan Oyj's Board of Directors Announces Opinion on Ingman Group's Takeover Bid


Tuesday, 1 Oct 2013 06:00am EDT 

Etteplan Oyj announced that the Company's Board of Directors has assessed the Takeover Bid made by Ingman Group Oy Ab for all shares in Etteplan and its terms and conditions as a whole. Etteplan’s Board of Directors assesses that the price of EUR 3.20 per share offered by the Offeror for the shares in Etteplan is fair for the Company and from a financial point of view, fair for its shareholders, but states that the price does not include a significant premium in relation to the Company’s share price development preceding the date on which Ingman Group’s obligation to bid arose. The Board of Directors added that its opinion should not be considered as investment advice. 

Company Quote

3.24
0.04 +1.25%
11 Jul 2014