FPC approached about takeover bid, says chances of deal low
Fingerprint Cards confirmed in a statement that it has been approached regarding the preparation of a possible takeover bid for the company’s shares, but “the probability for the offer plans being realized is low”.
After business daily Dagens Industri reported that China’s Beijing Watertek is preparing the takeover bid, the Swedish biometrics company said that it viewed an offer as unlikely but it had been required under stock exchange rules to make a statement to protect against insider trading.
“Since the overall assessment is that the probability for the offer plans being realized is low, the company does not consider that the information constitutes insider information. The company has therefore not had an obligation to independently comment on the information.”
Just last week it was reported that Fingerprint Cards is the first company to take first place for two consecutive years in Deloitte’s independent ranking of Sweden’s fastest growing technology companies, the Sweden Technology Fast 50.