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Article: Quebecor Printing Achieves 99.6 Percent Share Ownership in Offer for Swedish Printer TINA.
- Article from:
- Business Wire
- Article date:
- August 26, 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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MONTREAL--(BUSINESS WIRE)--Aug. 26, 1998--Quebecor Printing announced today it has achieved 99.6 percent share ownership in its offer for Tryckinvest i Norden AB (TINA), Scandinavia's largest printer. All conditions for the offer have thus been met. Quebecor Printing will commence a compulsory acquisition procedure to acquire the remaining outstanding shares and complete the transaction.
With the acquisition of TINA, Quebecor Printing expands its European operations by 30 percent and strengthens its position as one of Europe's leading commercial printers. The recommended offer to acquire all of the shares of TINA for the approximate sum of US $221 million plus the ...