the Machine of the renter, Cramo combines the Dutch machine hirer Boels with. The company have signed a merger agreement, pursuant to which the Boels provides Cramo shares of 13.25 euros apiece, Cramo tell.
the Offer on the basis of Cramo shares the aggregate value is around 592 million. Company’s board of directors has unanimously decided to recommend the shareholders of the boels in the acceptance of a tender.
boels’s offer is more than 30% higher than in cramo’s closing price last Monday, the last trading day before the tender offer disclosure.
Trading Cramo shares was suspended on the Helsinki stock exchange last week Tuesday afternoon. The stock was at that time a brisk upward trend. A few hours of trading after the suspension the company reported that it had received a purchase offer, but did not tell the buyer’s name.
In 1977, established Boels is Benelux’s leading machinery rental company. It has more than 4 200 employees and more than 450 offices in 11 countries. Cramo’s net sales last year was 632 million euros. It has about 300 outlets in 11 markets in the region.
along with the companies turnover would be around 1.25 billion euros and it would be one of the largest office networks, the company said in the bulletin (you move to another service).
cramo’s stock go on Monday the stock market opens, a brisk rise. A little before noon it had climbed for over Boels offer price of 13.32 eur.
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