Handelsbanken raises its offer for Fokus Bank

Article Abstract:

Svenska Handelsbanken AB of Sweden upped its offer for Fokus Bank ASA of Norway, which is higher than the bid earlier made by Den Danske Banks AS of Denmark. In the growing bidding fight, Handelsbanken made a bid of 80 Norwegian kroner ($10.74) per share, which valued Fokus at around 5.81 billion kroner ($779.7 million). Prior to this, Den Danske Bank unveiled an unsolicited offer of 77 kroner per share, which was more than the two-week old offer of 70 kroner a share made by Handelsbanken. Den Danske Bank said it would make a counter-offer while Handelsbanken is said to be alert in making the next bid.

Comment:

Ups its offer for Fokus Bank ASA of Norway, which is higher than the bid earlier made by Den Danske Banks AS of Denmark, Norway

Commercial Banks, Commercial Banking, Asset sales & divestitures, Norway, Svenska Handelsbanken AB, Fokus Bank ASA

Ericsson seeks Internet partner

Article Abstract:

Telefon AB L.M. Ericsson of Sweden, a telecommunications equipment maker, is talking with three Internet-product companies in the US regarding plans to acquire them. According to Anders Igel, an EVP at Ericsson, the companies sought for acquisition are worth several hundred million each. Ericsson is looking to buy the companies to allow it to penetrate the Internet industry which is slowly replacing phone networks in importance. Ericsson is also looking at seven other Internet-product companies as part of its expansion bid.

Comment:

Talks w/ three Internet-product companies in the US regarding plans to acquire them

United States, Telecommunications Equipment, Communications Equipment Manufacturing, Internet software, Telecommunications systems, Telefonaktiebolaget LM Ericsson

Icon's CEO quits after loss report

Article Abstract:

Icon Medialab International AB's chief executive officer, Ulf Dahlsten, announced his resignation. Dahlsten resigned after the firm posted disappointing financial results for the 2000 fourth-quarter.

Executive changes & profiles, Management Consulting Services, Business & Mgmt Consulting, Officials and employees, Services, Internet, Appointments, resignations and dismissals, Business consultants, Management consultants, Consulting services, Dahlsten, Ulf, Icon Medialab International AB