Date: Monday June 27, 2005 12:49:00 pm
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Turbon receives 14 usd/shr takeover offer from Canada’s Adsero
HATTINGEN,Germany -Turbon AG said it has received a takeover offer from Canadian company Adsero Corp.At its annual general meeting today, Turbon said Adsero will before July 29 buy all of the 400,000 shares of treasury stock held by Turbon in exchange for making Turbon its strategic supplier for laser cartridges.
Adsero will also make a public offer of 14 usd per share to all Turbon shareholders, it said.
Shares in the CDAX-listed company have been suspended from trade until 11.55 am CET.
Turbon produces ribbon cartridges, spool systems, toner, ink jet and thermal transfer products and posted sales of 122.8 mln eur last year.
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