Belgium's Agfa Gevaert rejects takeover offer from Kanteron Systems

Agfa Gevaert NV

13/09/2018 09:25

Sept 13 (Reuters) - Digital imaging systems producer Agfa
Gevaert  AGFB.BR  said on Thursday it had received a potential
takeover bid from privately-held Kanteron Systems, sending the
Belgian company's shares higher.
    Agfa's management said it decided not to engage in
discussions with Kanteron Systems at this stage.
    On September 11, Agfa received a non-binding letter of
intent from Kanteron Systems relating to a voluntary conditional
leveraged takeover offer.
    Agfa's shares jumped 8.5 percent on the Brussels stock
exchange, right after the announcement.    

 (Reporting by Piotr Lipinski in Gdynia; Editing by Thyagaraju
Adinarayan)
 ((piotr.lipinski@thomsonreuters.com; +48 58 772 00 86;))