William Demant, one of the biggest hearing aid manufacturers and wholesalers, is proposing to acquire Audika, a French retailer of these products, for €168m. In doing so, the Danish company has been questioned as to whether its offer is overly generous.
William Demant is currently in exclusive negotiations with Audika’s controlling shareholder Holton to acquire around 54%of the company at a price of €17.78 per share. This offer represents a 32%...
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