Friday, April 6, 2007

Wyser-Pratte sells Valeo stake, sees LBO deal

(Reuters) - "I would have liked to have helped them restructure but it seems clear to me now that Morin and the board are going to accept an LBO deal on Tuesday," he said, adding that he did not expect an LBO offer to be above some 44 euros, or roughly the current share price.

Valeo shares have surged nearly 80 percent over the past eight months, standing at peaks last seen nearly five years ago.


Read more at Reuters.com Business News

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