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Article: Quebecor Printing to Acquire TINA - Extends its European Operations to Scandinavia and Russia.
- Article from:
- Business Wire
- Article date:
- July 9, 1998
CopyrightCOPYRIGHT 1998 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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STOCKHOLM, Sweden--(BUSINESS WIRE)--July 9, 1998--Quebecor Printing (ME:IQI.) (TSE:IQI.) (NYSE:PRW) announced today its recommended offer to acquire all of the shares of Tryckinvest i Norden AB (TINA AB), Scandinavia's largest printer, for the approximate sum of US $221 million plus the assumption of $51 million in debt. The acquisition is subject to 90 percent of shareholders tendering their shares and compliance with Swedish regulatory provisions.
The price offered is SEK170 per TINA share representing a total value of SEK1.8 billion. The offer represents a premium of approximately 17 percent over the average closing price of the TINA shares on the Stockholm Stock ...