What They Say
Invidis reports that ZetaDisplay, long the most acquisitive company in digital signage in Europe, is itself a target for an acquisition by Hanover Investment. The move has been backed by ZetaDisplay management and directors. The offer is at a premium to the share price when an offer for sale was made earlier this year and above the closing price last Friday and values the firm at €72 million.
Invidis reported that nearly 40% of shareholders had accepted the offer, which remains open until September, over the weekend, so there is an expectation that the deal will go through.
What We Think
I wouldn’t disagree with Invidis’ view that the takeover will put ZetaDisplay into a stronger position to make more takeovers. (BR)
