Reuters Mergers & Acquisitions - Jun 17, 2009Orkla ASA (ORK)
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Dag Sletmo
at
ABG Sundal CollierThe planned purchase represented an underlying enterprise value of about $95 million,
Orkla said.
"The first impression is that this is a reasonable purchase which will strengthen (Orkla's) position in North America," analyst Dag Sletmo at ABG Sundal Collier said. "If you also have synergies, this is probably a good acquisition," Sletmo said.
Orkla shares were down 2.0 percent at 0820 GMT, in line with the main index in Oslo .OSEBX. The company was set to hold a capital market day on Wednesday with presentations starting at 1100 GMT.
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The planned purchase represented an underlying enterprise value of about $95 million, <span class="company">Orkla</span> said. <span class="sent"> "The first impression is that this is a reasonable purchase which will strengthen (<span class="company">Orkla</span>'s) position in North America," analyst <span class="analyst">Dag Sletmo</span> at ABG Sundal Collier said. </span> "If you also have synergies, this is probably a good acquisition," Sletmo said. <span class="company">Orkla</span> shares were down 2.0 percent at 0820 GMT, in line with the main index in Oslo .OSEBX. The company was set to hold a capital market day on Wednesday with presentations starting at 1100 GMT.
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