Reported 20 days ago
Sweden's EQT AB has made a significant bid of $1.4 billion to take control of OEM International, having already secured 72.5% of shareholder votes needed for the acquisition. The offer stands at 110 kronor per share, notably lower than the previous market value, and aims to consolidate OEM under EQT's ownership. Despite backing from key shareholders, the independent committee of OEM cautioned that the offer is financially unfair and has urged shareholders to hold off on accepting the bid.
Source: YAHOO