Amsterdam-based Aquamit offers to take over the Swiss thermoplastics manufacturer

Amsterdam-based affiliate Aquamit has offered 86 Swiss francs per share to take over Quadrant- the Swiss thermoplastics manufacturer, valuing the company that has 2.75 mln shares outstanding, at 236.5 million Swiss francs. The transaction is conditional on Aquamit, which is 50% owned by Mitsubishi Plastics Inc and 50% by Quadrant's founders and directors, winning over two thirds of its outstanding shares. Quadrant does not expect any objections from the competition authorities and hence expects to complete the takeover this summer. The takeover is expected to lead to greater product innovation, and would ease penetration into the Japanese and Asian markets and would save costs. Another advantage will be the delisting of the company and the associated savings in costs and time spent by management.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha