Stockholm Bullets - EQT makes bid for OEM with negative premium
November 05, 2024 at 03:39 am EST
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The Stockholm stock exchange is falling during Tuesday's opening trading. In the news flow, it is noted that EQT has made a bid for OEM with a negative premium.
After 35 minutes of trading, the OMXS30 index was down 0.20 percent to 2,566.93. During the day, the index has moved within the range -0.40 percent at its lowest and 0.07 percent at its highest.
The broad OMXSPI was down 0.21 percent.
Share price
Price change
Commentary
Coinshare
4,4%
Ebitda increased strongly to £15.4 million. AUM amounted to £3.82 billion
SCA
1,4%
JP Morgan raises to neutral from underweight, target price SEK 146
Lundin Gold
1,0%
Sees positive drill results at its Fruta del Norte, FDN, gold mine in Ecuador
NCAB Group
0,8%
Order intake and ebita decreased in Q3. Sales were in line with previous preliminary figures
FM Mattsons
0,4%
Ebitda profit fell almost 15 percent to SEK 59.1 million in Q3
Tethys Oil
-0,2%
Narrows full-year production forecast to 7,800-8,000 barrels of oil per day. Ebita profit fell to $15.2 million
Sobi
-0,2%
Nomination Committee proposes Daniel Meek as new Chairman
Öresund
-0,2%
Net asset value fell to SEK 105 in October
Creades
-0,9%
Net asset value fell to SEK 69 in October
Berner Industrier
-2,7%
Showed both lower order intake and ebita result in Q3
IPC
-4,1%
Sales and profits fell in Q3. Production forecast for the full year was reiterated
Duroc
-4,3%
Shows higher ebitda in the quarter. Company sees better market for acquisitions
Boozt
-7,7%
Adjusted operating profit came in lower than expected at SEK 54 million. Forecasts for the full year were reiterated
OEM International
-8,0%
Private equity firm EQT's fund EQT X, through Oak Bidco, makes a takeover bid that values OEM at SEK 15.25 billion. This corresponds to a negative bid premium of 12.3 percent.
Nobia
-8,4%
Adjusted operating profit rose slightly to SEK 19 million. Testifies to continued weak markets in the Nordic region and the UK
Revolution Race
-12,5%
Adjusted operating profit decreased to 57 million SEK in Q3
OEM International AB is a Sweden-based holding company active within industrial trading. It offers a range of industrial components and systems from various suppliers, including electrical components, flow components, motors and transmissions, bearings, seals and couplings, as well as appliance components, lighting and complete production systems. Sales are conducted under such names, as OEM Automatic, OEM Motor, OEM Electronics, Internordic Bearings, Telfa, Elektro Elco, Svenska Helag, Svenska Batteripoolen and Flexitron. It operates three primary market regions, namely Region Sweden, Region Finland and the Baltic States, and Region Denmark, Norway, the United Kingdom and Central Eastern Europe. The Company has around 40 directly and indirectly owned subsidiaries, such as OEM Industrial Components AB, OEM Electronics AB, Cyncrona A/S, Flexitron AB, Telfa AB, Danish Scanding A/S, AB Ernst Hj Rydahl Bromsbandsfabrik and Candelux Sp. z o.o.