“We have done a very considerable due diligence. We have spent a lot of time with the local management and have got a good understanding of the positioning of the brand and the positioning of the business in Sweden.”
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“We wont go hostile. We want to own the whole of the business. Therefore we want to own over 90 percent in order to squeeze out the minorities.”
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“In many respects we have bought companies that are fundamentally strong, but have issues that we believe our management and our expertise can help resolve,”
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“I think probably it is very tough out there at the moment (for Skandia) with what has been going on,”
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“That is why wed like to complete the transaction as fast as we possibly can.”
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“There is a degree of uncertainty, yes.”
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“The (threshold in the) prospectus is at 90 percent. We want the whole of the company,”
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“Although we have had indications from certain Skandia shareholders that they do not accept, this has got a long way to go,”
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“The three top shareholders (Fidelity, Cevian and Burdaras) are very much in favor of the transaction. We are confident that the compelling logic of the transaction is coming through,”
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“That is a significant level,”
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