OSLO (Thomson Financial) - Kongsberg Automotive Holding ASA (KOA) said it is
to acquire the entire automotive activities of New York-listed Teleflex for 560
mln usd on a cash and debt free basis.
KOA said the acquisition is to be fully loan financed by DnB NOR and Nordea,
and that the firm will issue shares worth 700 mln nkr "to ensure satisfactory
financial flexibility going forward".
The deal is expected to close before the end of the year, pending regulatory
and other approvals, KOA said.
alastair.reed@thomson.com
ar/ra
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