ARCHIVED FORUM -- March 2012 to February 2022READ ONLY FORUM
This is the second Archived Forum which was active between 1st March 2012 and 23rd February 2022
'As Sparkle Roll has not committed to launch a tender offer for all shares in Bang & Olufsen and has not been able to substantiate its ability to launch such a tender offer, Bang & Olufsen's Board of Directors has today decided to inform Sparkle Roll that it considers the dialogue regarding a potential tender offer terminated.'
http://www.finanznachrichten.de/nachrichten-2016-04/37079869-bang-olufsen-a-s-dialogue-regarding-a-potential-launch-of-a-takeover-offer-terminated-252.htm
MM
There is a tv - and there is a BV
we tend to forget there is more to design than designing.
Mark:Well done B&O for having integrity, thanks for sharing MM. we tend to forget there is more to design than designing.
BeoNut since '75
Millemissen: 'As Sparkle Roll has not committed to launch a tender offer for all shares in Bang & Olufsen and has not been able to substantiate its ability to launch such a tender offer, Bang & Olufsen's Board of Directors has today decided to inform Sparkle Roll that it considers the dialogue regarding a potential tender offer terminated.' http://www.finanznachrichten.de/nachrichten-2016-04/37079869-bang-olufsen-a-s-dialogue-regarding-a-potential-launch-of-a-takeover-offer-terminated-252.htm MM
The Sparklers could still do a hostile takeover. They do own 20% of the outstanding shares. All they have to do is own 51%. Did anyone notice that Sparkle's shares are held in the British Virgin Islands.
"not been able to substantiate its ability to launch such a tender offer,"
Recently, a Chinese take over of a U.S. based hotel chain (Starwood) fell through because the firm could not line up financing. There's been speculation that the Chinese government is cracking down on capital outflows so financing of foreign investments is drying up. I wonder if this is another example.
Based on the news, the stock should have gone up 6.4% instead of the reverse.
The Chinese really had nothing to contribute - imo all they were trying to do was buying B&O on the cheap - maybe to flip it.
I really do agree that it would be the best for this great brand to be acquired, but by someone who has funding, commitment, vision and passion for what they are doing.
In my opinion Bang and Olufsen dodged a bullet!