9/27/2023 0 Comments Hexagon corporationHexagon shares also raises questions about the actual value of Hexagon The lack of a strong, liquid trading market for Provide sufficient liquidity for any considerable purchases or sales of It is not clear that the market capacity for Hexagon shares will Shareholders represent 298 days' trading, based on this average. The Hexagon shares proposed to be issued to Leica Leica, the average daily trading volume in Hexagon shares wasĪpproximately 42,000 shares, representing just 0.1% of Hexagon's shareĬapital. In the twelve months before Hexagon launched its initial offer for The market for Hexagon shares is illiquid, which also raises questionsĪbout the actual value of Hexagon shares. Proposed transaction, including, inter alia, the items discussed below. Trading price that does not reflect the terms and impact of the Hexagon shares, Hexagon's valuation is based on a pre-announcement Even if the trading price did reflect the actual value of the Not clear that the trading price of the shares represents their actual Given the illiquidity of the Hexagon shares (discussed below), it is (SEK144), 5% higher than the 15 August closing share price of SEK152Īnd 8% higher than the average closing share price over the last thirty Share price on 10 June the day preceding their initial offer for Leica That the 12 August share price is 10% higher than the Hexagon closing Shareholders is uncertain and unpredictable. However, the actual value of the Hexagon shares offered to Leica Hexagon's 12 August 2005 closing share price of SEK159 per share. Hexagon has offered for each Leica share CHF440 in cash plus 5 Hexagonī shares that it valued in its announcement at CHF133, based on Danaher Corporation ("Danaher") acknowledges the announcement yesterday by Hexagon AB ("Hexagon") of a revised offer for Leica Geosystems Holdings AG ("Leica").ĭanaher confirms that its CHF500 per share all cash offer for Leica remains open for acceptance.ĭanaher believes it is important for Leica shareholders to consider the following points in assessing the real value of Hexagon's revised offer: - Hexagon's revised offer depends considerably on the uncertain value of
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