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Article: Austrian CWT CFO says GLV's offer not hostile.
- Article from:
- ADP News Austria
- Article date:
- September 23, 2009
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(ADPnews) - Sep 23, 2009 - Harald Wegscheider, CFO of Austrian Christ Water Technology AG (CWT) (WBAG:CWT), said on Tuesday that the takeover offer by Canadian technology group GLV Inc (TSE:GLV.B) is not hostile.
The offer is with a volume of EUR 66 million (USD 97.772m). According to Wegscheider, the takeover will support CWT's activities that were somewhat reduced following the sale of its pharma business to Austrian water technology group BWT AG (WBAG:BWT). The sale ...