Copying and distributing are prohibited without permission of the publisher
Orc’s takeover of Neonet approved by joint boards
09 March 2010
Orc’s offer of Skr19.625 ($2.70) per share in Neonet has been agreed by both boards in a merger which will create a global technology and financial trading services giant. Orc’s board claims the merger will create synergies from the sharing of technological expertise and annual cost savings of Skr130m.
Read more:
[Orc]
[Neonet]
[Nasdaq OMX]
After the merger the new group will comprise two parts:
technology services and transaction services.
The chief executive of Neonet, Simon Nathanson, said: “Neonet
and Orc complement each other very well.
Orc is a leader...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
