Office furniture Maker Teknion Corp Receives takeover Bid
Posted by MCC on December 26th, 2007 at 09:42pm
A-Tean Holdings Ltd. has announced it’s intention to purchase an additional 38% of shares of Teknion.
This move would putsA-Tean Holdings and it’s partners in control of close to 62% of the total shares.
The sale of the shares will be put up to a vote from the shareholders which will take place in early 2008.
A two thirds majority must be obtained for the sale to be approved.
Under Furniture News