Sunday, 24 June 2007

UPDATE 1-Norddeutsche says to bid 30 eur/shr for Cumerio

(Reuters) - Norddeutsche will make a cash tender offer of 30 euros per
Cumerio share, which would be a premium of 28.5 percent to the
closing share price on June 21, valuing Cumerio at 777 million
euros , Norddeutsche said in a statement.




"This is the ideal combination for both companies. It
provides a unique opportunity to lead the consolidation of our
industry and create an international leader and a growth
platform in the sector beyond Europe," Norddeutsche Chief
Executive Werner Marnette said in a statement.


Read more at Reuters.com Mergers News

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