Ratos makes rival offer for Swedish tech firm Semcon

STOCKHOLM (Reuters) - Private equity firm Ratos said on Monday it had made a recommended cash offer for Semcon that values the Swedish tech company at 2.84 billion crowns ($249.1 million).

Swedish Ratos said in a statement the offer was for 157 crowns per Semcon share, exceeding a bid of 149 crowns made by Finland's Etteplan last month.

($1 = 11.4011 Swedish crowns)

(Reporting by Anna Ringstrom, editing by Terje Solsvik)