PartnerTech to Delist Ahead of Scanfil Buyout
Published: 06 July 2015
by Mike Buetow
SIEVI, FINLAND -- With its takeover by Scanfil nearly complete, PartnerTech's board says the company will delist from Nasdaq Stockholm exchange.
In light of the decision to accept Scanfil's offer, PartnerTech's board of directors said it "does not consider it reasonable" for the EMS company to remain a listed company.
The last day of trading in the PartnerTech share at Nasdaq Stockholm will be announced pending notification from the exchange.
After completion of the offer, Scanfil holds more than 90% of the shares and votes in PartnerTech and has notified the PartnerTech board of its intention to start initiate compulsory acquisition proceedings regarding the remaining shares in the company.
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