Bid Target Skandia Advises Backers to Hold On to Stakes

Evening Standard - London › December 21, 2005

Linked as:

Summary

SKANDIA today told its shareholders that they should be prepared to hang on as minority investors in the Stockholm-listed company despite Old Mutual's 62.5% acceptance level for its Pounds 3 billion takeover bid.

It once again condemned the bid as inadequate. Skandia chairman Lennart Jeansson said there were a large number of listed Swedish companies dominated in terms of votes by one owner, or a handful of them.

See the full content of this document

Extract

Bid Target Skandia Advises Backers to Hold On to Stakes

However, ...

See the full content of this document