LONDON, March 9 (Reuters) - British fund manager F&C Asset Management said it plans to make an offer for Austrian rival C-Quadrat, eyeing a takeover that would broaden its presence in central Europe.
F&C intends to bid about 12.5 euros per share for C-Quadrat, the company said on Tuesday, adding that any offer would be conditional on C-Quadrat's founders staying on at the business.
Shares in Frankfurt-listed C-Quadrat closed at 13.5 euros on Monday, valuing the company at about 58.9 million euros ($80.13 million).
(Reporting by Myles Neligan; Editing by Rupert Winchester) ($1=.7350 Euro) Keywords: F&C/ (myles.neligan@reuters.com; +44 207 542 13 73) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
F&C intends to bid about 12.5 euros per share for C-Quadrat, the company said on Tuesday, adding that any offer would be conditional on C-Quadrat's founders staying on at the business.
Shares in Frankfurt-listed C-Quadrat closed at 13.5 euros on Monday, valuing the company at about 58.9 million euros ($80.13 million).
(Reporting by Myles Neligan; Editing by Rupert Winchester) ($1=.7350 Euro) Keywords: F&C/ (myles.neligan@reuters.com; +44 207 542 13 73) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
