FB pixel

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.

Article Topics

 |   | 

Latest Biometrics News

 

Alan Goode offers insights on booming transitional IDV market on BU Podcast

Technology is transforming identity verification. According to Alan Goode of Goode Intelligence, by 2030, digital identity verification will pass traditional…

 

Share less data in more places: inching towards decentralized digital ID for travel

The travel industry is slowly shifting to a more decentralized model of digital identity. This was one of the key…

 

Clearview takes fresh legal hits over Canada class action, UK fine

Few biometrics companies have taken a bigger regulatory and legal beating than Clearview AI. It has already been a rough…

 

Mexico makes biometric identifier mandatory for all citizens

Mexico has officially introduced a digital identification system by signing a law that turned the previously optional biometric-based citizen code…

 

MOSIP highlights the UN DPI Safeguards Initiative

The United Nations’ DPI Safeguards Initiative has released 259 recommendations designed to guide regulators, advocates, donors, technology providers and governments…

 

Brazil adopts DaaS for verifiable credentials

Brazil is the latest country to adopt DPI as a Packaged Solution (DaaS) — a practical framework designed to accelerate…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events