Oberthur drops De La Rue bid after increased offer flops
Oberthur Technologies, a French banknote printing company, on Monday withdrew its efforts to take over De La Rue, a British rival.
Oberthur dropped its efforts after De La Rue on Monday morning rejected a fresh offer of 935 pence ($1.49) per share. "Oberthur is disappointed that De La Rue has so swiftly rejected this fully financed increased proposal, which the Board of Oberthur believes to be very full and fair," the French firm said.
The British company said the proposal undervalued its
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