Synnove Finden ASA has said that it has received a takeover offer from Scandza AS, a company controlled by the Norwegian businessmen Jan Bodd and Stig Sunde, for all its shares.
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However, in a statement to the Oslo Stock Exchange, the Norwegian food group said it was unlikely the offer would be accepted by shareholders because it was too low.
The offer is at NOK25 per share represents a 24.4% premium and values the company’s equity at NOK537.5m.
Synnove Finden, based in Oslo, Norway, has some 400 employees and reported sales of NOK1.25bn in 2005.
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