Flexible Electronics News

Brady Corporation Announces Tender Offer to Acquire Nordic ID Oyj

A total equity purchase price of €8.1 million ($9.7 million).

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By: Anthony Locicero

Copy editor, New York Post

Brady Corporation and Nordic ID Oyj announced that they have entered into a definitive transaction agreement pursuant to which Brady will launch an all-cash tender offer in Finland to acquire all of the outstanding shares of Nordic ID for €3.30 per share, which equates to a total equity purchase price of €8.1 million ($9.7 million), plus the assumption of external debt of approximately $3 million. Brady Corporation will fund the transaction with cash held outside the United States.   Nordic ...

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