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 some 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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