Hostile bid

Premium Content

01 May 2008

Swedish technology group Hexagon has launched a hostile CHF 441 (€ 283) per share takeover bid for Leica Geosystems.

Leica's Board said it objected to the unsolicited nature of the bid and that it undervalued the company. Hexagon's offer, which includes a +21.23% premium over Leica's highest opening share price in the previous 30 days, is valid until 5 August 2005.

Smarter by design: How intelligent excavators are delivering better jobsite results
Integrated technology is helping contractors improve accuracy, productivity and control without neglecting the fundamentals of machine performance
Choosing the right AWP for a constrained jobsite
A look at how site restrictions and task requirements inform aerial platform selection
The right tire for the right application
When the demands of a jobsite dictate tire selection, field knowledge and data are key to optimising fleet performance