Niscayah Committee Recommends Company Does Not Accept Securitas Acquisition Offer
The Independent Committee of the board of directors of Niscayah unanimously recommended last Friday that shareholders do not accept Securitas’ public takeover offer. The board previously made a positive recommendation for Stanley Black & Decker Inc.’s offer.
The Committee’s statement is based on an assessment of a number of factors that the Committee has considered relevant to the evaluation of Securitas’ offer. These factors include, but are not limited to, the company’s present position, the expected future development of the company and thereto related possibilities and risks.