Qioptic Group to Acquire Linos AG
The Qioptic Group, a supplier of optical components and modules for military and commercial applications, intends to launch a public takeover to acquire the outstanding shares of Linos AG, a manufacturer of optical systems that is based in Göttingen, Germany. The price offered will be €16.00 per share, equating to an approximately 44 percent premium on the three-month weighted average of €11.10. The takeover offer will be subject to a minimum acceptance rate of 75 percent of Linos’s capital stock.
With core operations in the UK and Singapore, Qioptic is an investee company of funds managed by Candover, a private equity company in Europe. The acquisition will be performed by Candover via Optco Akquisitions GmbH, a company established specifically for the acquisition. The takeover is expected to be completed in the fourth quarter, provided antitrust approval is received.
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Published: September 2006
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