Denmark's Nilfisk says its strategy is to grow via mergers

Nilfisk Holding A/S

14/12/2017 15:57

Dec 14 (Reuters) - Danish cleaning equipment company Nilfisk 
 NLFSK.CO  said it was aware of activist hedge fund Primestone 
Capital's push for it to consider a merger with U.S. peer 
Tennant  TNC.N  and added that it was open to growing via 
mergers. 
    Primestone called on Wednesday for the two companies to 
merge after it built up a more than 5 percent stake in both 
firms.  urn:newsml:reuters.com:*:nL8N1OD4SX 
    "Nilfisk's strategy continues to be to simplify its business 
and to grow organically and through M&A," the Danish company, 
which was spun off from cable maker NKT  NKT.CO , said in a 
statement. 
    Nilfisk shares were up 4.2 percent at 332.30 Danish crowns 
as of 1524 GMT. They have risen 11.8 percent since Primestone's 
statement on Wednesday. 
 
 (Reporting by Thyagaraju Adinarayan in Gdynia; Editing by Susan 
Fenton) 
 ((thyagaraju.adinarayan@tr.com; +48 58 772 0022; Reuters 
Messaging: thyagaraju.adinarayan.tr.com@reuters.net; Twitter 
@thyagu)) 
 
Keywords: NILFISK HOLDING M&A/TENNANT