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On Wednesday, Stein Erik Hagen got the offer that he had been forced to make after buying more than 40 items. one-third of the shares of spirits manufacturer Arcus. [19659003] The offer of 45 cents, which is worth it to be valued at $ 3.06 billion, brought small shareholders to react, and one of them qualifies the offer of ridicule.
– This is a riot. The offer is useless and attests that it will fulfill the obligation to bid and that the acquisition of the company is not desired, says the small shareholder Ole Petter Haavik, who says hold a few thousand shares in Arcus and do not plan to sell them in Hagen.
In an expanded bid statement of ABG Sundal Collier, it seems that Canica does not wish to take the stock of a purse.
Something that supports the idea that Hagen is not interested in making a higher bid immediately, as wrote the commentator of E24, Johan Sundberg, Wednesday afternoon [19659006] For subscribers
Stock: This is not this offer that makes Hagen stifle all the bottle of Arcus
– No growth
Arcus, where he was l & # 39; one of the largest shareholders with 1,000,000 shares, which corresponded to 1.47% of shares
He believes, unlike the small business owner, that the price is right but no more than ok either.
– I think many choose to sit here again and that the garden in this case is happy with him. They are having a good time and can wait for the shareholders until they give up.
He says that Hagen's offer had nothing to do with the sale, but that he saw in the company no higher value than what the company did. Offer indicates.
– Sales were part of a major overhaul of all Holta, continued:
– In general, I am more attracted to growing businesses and, if I do not remember, Arcus does not grow if one takes into account price adjustments, The investor manages a portfolio of $ 2.1 billion in 2016.
The company's turnover rose to NOK 556.9 million in the first quarter of the year, compared with NOK 493.5 million for the same period last year. [19659003Thisisa$50millionrefinancingfora$58millionofthecorporationofthefirstquarter2017whenonly$14millionwerelost
May out 300 million dollars [1 9659010] Another famous financier, John Fredriksen owns 9.92% of Arcus, and can sell for about 300 million NOK.
This will probably not be a good store since the stock was listed at NOK 43, which Fredriksen enjoyed at that time position at $ 288 million.
Wednesday afternoon, the stock is down 0.22 percent to $ 44.95.
E24 has also been in contact with the heirs Sundt who own 4.76% of the shares through Sundt AS, but the company wishes
Stein Erik Hagen is himself a member of Arcus' board of directors and his associate Nils Selte is an alternate member
Arcus was listed on the Oslo Stock Exchange on December 1, 2016 by the Ratos Investment Fund.
Nils Selte, CEO of Canica, told E24 on Wednesday that he did not wish to comment on the case beyond what is stated in the company's stock market announcement.
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