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Article: AB Fagerhult (publ) Announces Voluntary Offer in Luxo ASA.
- Article from:
- Business Wire
- Article date:
- March 30, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HABO, Sweden -- In order to further strengthen its position in the European Lighting Industry and to create a platform for growth, AB Fagerhult (publ) (STO:FAG) has decided to make a voluntary offer to acquire all outstanding shares in Luxo ASA.
On the 29th of March 2009, the Board of AB Fagerhult (publ) ("Fagerhult" or the "Offeror") decided that Fagerhult shall make a voluntary offer (the "Offer") to acquire all outstanding shares of Luxo ASA ("Luxo"). Fagerhult's strategy is to be among the top three Lighting Systems providers in Europe through profitable growth. An acquisition of Luxo will further strengthen Fagerhult's position, as well as strengthen the ...