openPR Logo
Press release

direct/ Capio AB (SE) - The Board of Capio AB rejects the public offer from Opica

09-01-2006 03:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Capio

Opica AB ("Opica"), indirectly owned by funds advised by Apax Partners Worldwide LLP, by funds managed by Nordic Capital Fund VI Ltd and by funds managed by Apax Partners SA, has on September 1 2006 announced a public cash offer to the shareholders of Capio to acquire all outstanding shares in Capio (the "Offer").

The Board of Capio received a written non-binding proposal by Opica on August 28, 2006. The Board convened on 30 August, 2006 and promptly informed representatives of Opica that it had unanimously rejected the Offer. The Board is surprised that Opica has proceeded with its unsolicited Offer in light of the earlier rejection and confirms that it unanimously rejects the Offer. The Board believes the Offer does not adequately reflect the value of Capio shares, given Capio´s attractive growth prospects and business fundamentals.

Capio´s Board of Directors is being advised by Morgan Stanley and Mannheimer Swartling in relation to the Offer.

Due to conflicts of interest Roger Holtback, the Chairman of Capio AB, has not participated in the decision.

Roger Holtback says:
"I am Chairman of the Board of Capio and at the same time Chairman of NC Advisory AB´s Review Committee. This means that there is a conflict of interest."

The consequences of this decision are the following:

- Mr Holtback has not and will not participate in the Board of Capio´s handling of the Offer

- Mr Holtback has not and will not participate in Opica´s handling of the Offer

- Mr Holtback does not participate in ongoing contacts with these parties regarding the Offer or any discussion that can affect the handling of the Offer

The Board of Capio has decided that the Stockholm stock exchange rules on so called Management Buy-Out bids should be followed and has appointed Mr Krister Hertzen, currently a non-executive Director of Capio, to assume Mr Holtback´s responsibilities and chair the subcommittee of the Board that has been constituted to handle the Offer. Roger Holtback will remain in his role as Chairman of the Board of Capio regarding other issues unaffected by the bid.

Göteborg, September 1, 2006
Capio AB (publ)

For more information, please contact:
Krister Hertzen, Member of the Board of Directors, Capio AB +46 31 732 40 00
Ulrika Stenson, SVP Corporate Communications, Capio AB +46 31 732 40 04, +46 705 900 723

Capio Group is one of Europe´s leading healthcare providers, with operations in Sweden, Norway, Denmark, Finland, the United Kingdom, France, Spain and Portugal. The Capio Group has annual net revenues of approximately SEK 12,500 M (EUR 1,350 M), with some 14,500 employees.

Public offer on Capio

The announcement distributed by directnews.
The issuer is solely responsible for the content of this announcement.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release direct/ Capio AB (SE) - The Board of Capio AB rejects the public offer from Opica here

News-ID: 10942 • Views:

More Releases from Capio

direct/ Capio in exclusive negotiations to buy Tonkin Group in France
Capio has made an offer for 100 per cent of the shares in Tonkin Group and has been granted exclusivity by the sellers. Whilst the workers council is being consulted in compliance with the French applicable laws, Capio intends to finalise the acquisition process during September at which point of time further information will be provided. The Tonkin Group is the leading private hospital group in the Rhône-Alpes region in

More Releases for Offer

Product Launch Offer Date Duration
Almost every homeowner is locked out of their house at some point. Some people keep a spare key hidden outside their homes, but most have to call an emergency locksmith to regain access to their houses. At Locksmith Hemel Hempstead, visitors will learn about a Hemel Hempstead, Hertfordshire, England-based locksmith that aims to offer superior locksmith services to area residents. In addition to providing 24/7 emergency locksmith services, Locksmith Hemel Hempstead
Embedded System Market: Advent of Smart Gadgets Offer to Offer Rich Opportunity
The global embedded system market is anticipated to witness a drastic growth opportunity in the coming years, as reported by Transparency Market Research (TMR). The aggressive contention in the worldwide market for embedded systems is relied upon to stay serious over the coming years, inferable from the substantial offers held by few key players. The general extent of provincial players is to a great degree because of the enormous measures
TestingWhiz Introduces Christmas Offer
New Jersey, USA, December 21, 2016 – TestingWhiz, a leading test automation solution provider rolls out Christmas offer on TestingWhiz license purchase as a part of Christmas celebration and holiday season. Under this offer, TestingWhiz licenses will now be available at 10% discount, adding fervor to the festive season. This offer aims to kick off sales and boost customer excitement to use TestingWhiz for any kind of test automation requirements. The
Solid offer: Stratis Global to offer clients automatic management of information
At the start of this year, Stratis Global, consulting company for business software, became the representative for the DocLogix document- and process-management system in North America. As a result, Stratis Global will be able to offer its clients an effective document-management solution based on the automation of processes. Don Geddes, who is president of Stratis Global and has more than 30 years of consulting experience, emphasised the benefits of this partnership
Merlin 2 Websharing Bundle Offer
Merlin 2 Websharing Bundle combines a Merlin for Mac OS X licence and the Merlin for Web Browsers Module. Leverage the power of the leading professional project management software for Mac OS X and share your projects with Mac, Windows, and Linux users via Web access. Price: $260.00 USD (195.- Euro / 170,00 GBP ) + VAT Period of sale/offer: until March 31, 2013 Shop: http://projectwizards.net/bundle Merlin is intuitive, easy to use
A Halloween extralong weekend offer, an 8th December offer and a New Year's Eve …
Erboli Residence in Tuscany is made up of 14 self catering apartments with a swimming pool. There are 3 offers for all the people who wants to spend spend careless extralong weekends and the approaching christmas holidays in the heart of the charming scented tuscan countryside. The Halloween extralong weekend offer on November 1st, the Immacolata extralong weekend offer on December 8th and the 2011 New Year's Eve offer. The above