Metris reports that revenues fell 62% to €18.4 million in the first half of 2009. Despite cost cutting measures, net income was negative: -€18.5 million. Source.
In other news, Nikon says it has accumulated 92.17% of Metris shares as part of its takeover plan. The takeover is not quite complete, for it has to follow complicated Belgium law, like this step:
Source.
In other news, Nikon says it has accumulated 92.17% of Metris shares as part of its takeover plan. The takeover is not quite complete, for it has to follow complicated Belgium law, like this step:
If following this reopening of the Takeover Bid, NIMD SPRL [Nikon] achieves an acceptance level of 95% or more of the shares, NIMD SPRL intends to proceed to a squeeze-out public bid pursuant to the provisions of Article 42 and Article 43 of the Belgian Royal Decree of April 27, 2007 on public takeover bids and Article 513 of the Belgian Company Code.
Source.
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