Fingerprint Cards - FING B

"Jag har varit gift två gånger. Det har gått helvete varje gång.
Jag önskar er all lycka i världen. Sandra, Alexander var är du, fy fan vad gott det är att ser er.
Ni passar ihop.
Även om du är dvärg.
Det var något mer jag skulle säga, men jag har glömt av vad det var.
Ni är så goa,
jag vill bara ta på dig.
Men det blir ju inavel.
Vad är för likhet mellan Bingolotto och Loket? Inavel.
Ha det gött".

Another day, another attempt by a Chinese company to buy a western business. This time the potential target is Fingerprint Cards, the Swedish biometric technology business. According to three sources familiar with the situation, a Chinese company approached Fingerprint Cards this summer about a potential takeover deal that is likely to value the Gothenburg-based business at well over its current market capitalisation of SEK 33 billion (£3 billion). Fingerprint Cards held talks with the Chinese company's advisers, according to these sources. The Chinese company - thought to be Beijing Watertek Information Technology - is being advised on its interest in Fingerprint Cards by several parties, including a well-known "industrialist", according to these sources familiar with the situation. However, one source familiar with the matter said the most recent approach from the Chinese company had been politely rebuffed as it was not high enough. It's not clear whether Fingerprint Cards is willing to continue talking to Beijing Watertek Information Technology about a deal. It's understood Fingerprint Cards hasn't hired advisers, yet, as it's not actively trying to sell itself. Sources familiar with the situation had different views about much Fingerprint Cards could be sold for. One source believed a deal could be struck at between SEK 140 and SEK 180 a share while another source close to the situation indicated the Chinese would have to offer significantly more than SEK 180 for the Gothenburg-based technology group to accept a takeover offer. In part, this is because Scandanavian technology businesses are being valued at much lower multiples than technology companies in China. Fingerprint Cards is no stranger to controversy. Back in 2013, the company hit the headlines after Cision published a fake press release claiming Korean smart phone giant Samsung would purchase the business for $650 million in cash. The press release was a hoax. I can, though, assure readers this article isn't a hoax and has been well researched using multiple well-placed sources familiar with the matter. The Chinese interest in Fingerprint Cards comes amid a massive buying spree of western businesses and assets by some of the huge country's largest businesses, such as HNA, Fosun and Dalian Wanda. This year alone has seen Chinese companies attempt (but not always succeed) several major acquisitions of European and American companies. Those businesses targeted include hotel group Starwood Hotels and Resorts, Legendary Entertainment and Carmike Cinemas in the US, and London City Airport, Global Switch and AC Milan in Europe. Malin Strandvall, a spokesperson for Fingerprint Cards, declined to comment. Beijing Watertek Information Technology couldn't be reached for comment. - See more at: http://www.betaville.co.uk/news/china-circles-fingerprint-cards/#sthash.z0qVUegE.dpuf