Nordic Capital bid for TietoEnator rejected.

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Nordic Capital bid for TietoEnator rejected.(HELSINKI)

Publication: European Venture Capital Journal
Publication Date: 01-JUN-08

Format: Online
Delivery: Immediate Online Access

Article Excerpt
Nordic Capital has failed in its hostile takeover of Finnish IT service business TietoEnator. The Swedish LBO firm had offered 1.08bn [euro] for all shares in the company, the bid of 15 [euro] per share was rejected by TietoEnator and shareholders representing more than 10% of shares as...

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