GERMANY - Wyser-Pratte invests in Balda
Financial investor Wyser-Pratte has acquired a 5.39% stake in German mobile phone components supplier Balda AG. Previously the company has been targeted by hedge fund Audley Capital, which in September 2006 made a public tender offer for the company for EUR 7-8 per share. Balda’s CEO Joachim Gut opposed the offer and managed to fend off the takeover plans. Audley Capital currently holds a 4.3% stake in the company and Wyser-Pratte’s investment could ignite fresh take-private talks.
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