The board of directors of Ingenico SA earlier today rejected an unsolicited, nonbinding offer to acquire the company (see story).
An undisclosed company made the offer last week in a deal initially valued at 1.34 billion euros (US$1.9 billion). Bloomberg Businessweek on Dec. 17 said the potential buyer is Danaher Corp., a diversified technology company based in Washington, D.C., citing “a person familiar with the matter.” Ingenico’s statement today announcing its rejection of the offer did not say who initiated the proposal.
“At this stage of the discussions, the [potential acquirer] has not been in a position to submit a binding offer that could be accepted by the board,” Ingenico’s statement reads. “Consequently, the board has taken note of this current situation and has asked for the trading of [Ingenico shares] to resume in the Euronext Paris” exchange.