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manroland investor rejects KBA offer

Aug 12, 2010 12:00 AM

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As Heidelberg CEO Bernhard Schreier steers clear of merger talks, manroland Inc. (Westmont, IL) reports its primary shareholder, Allianz Capital Partners, has rejected a merger offer from KBA.

The Frankfurt edition of Dow Jones newswire reads: “KBA CEO Helge Hansen made an indirect ‘offer’ through Handelsblatt [a leading German business newspaper] for a merger with manroland. This was fiercely rejected by manroland primary shareholder ACP (Allianz Capital Partners), reports the Börsen-Zeitung (business newspaper in Frankfurt am Main). Clearly the goal for manroland is a stand-alone solution, and the offer by KBA would not be considered. This was reported on Tuesday by people close to the investor. Wirtschaftswoche (Industry Week) quoted an ACP insider: ‘We did not expect this offer, and have no intentions to connect with KBA in this way.’”

manroland Inc., a division of manroland AG, employs approximately 8,700 people and has annual sales of about 1.7 billion euros with an export share of almost 80%. Its web and sheetfed offset presses provide solutions for publishing, commercial and packaging printing.