Troubled De La Rue rejects French bid

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition Sunday 5 December 2010 11:40 pm BANKNOTE printer De La Rue has been the subject of a rejected takeover bid from French rival Oberthur Technologies, it emerged yesterday.The troubled currency printer received an all cash secret takeover bid from privately-owned Oberthur a few weeks ago, which reportedly values De La Rue at about £750m.The deal was rejected on the grounds that it undervalued De La Rue, which has seen its share price slump this year amid a production crisis that shook customer’s confidence in the company and cost its chief executive, James Hussey, his job in August.Oberthur is now understood to be considering whether to increase its offer, according to Sky News. De La Rue declined to comment.If Oberthur were to go ahead with a second offer it could reignite debate about the foreign ownership of British companies, with the production of sterling and biometric passports being a particularly sensitive issue that the government would be likely to take a significant interest in.On Friday, De La Rue shares closed at 647.5p, valuing the group at around £640m.. The deal speculation follows the recent revelation that De La Rue is in the final stages of negotiations with Tim Cobbold, the head of the industrial group Chloride, to take over the vacant position of chief executive. The firm is keen to transform its fortunes after a disastrous admission in the summer that there had been printing irregularities at its factory in Overton, Hampshire. The admission threatened the company’s relationship with its biggest client, thought to be the Bank of India. Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Troubled De La Rue rejects French bid Show Comments ▼center_img KCS-content Share whatsapp Tags: NULLlast_img