Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with a few weeks of delay.
Qumei Home Furnishing Group looking to acquire Ekornes
May 24, 2018

China’s Qumei Home Furnishing Group made an all-cash bid for Norway’s Ekornes, valuing the Oslo-listed furniture maker at NOK 5.1bn, the companies said in a joint statement. The board of Ekornes unanimously recommended the bid of NOK 139 per share, a premium of 18 percent above Wednesday’s close. “After the first approach from Qumei more than a year ago, the board and management have spent significant time and efforts to assess this strategic opportunity” Ekornes said.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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