News: Accell Group receives €845m takeover proposal from Pon Holdings

[Pedelecs]

Accell Group has today announced that it has received a “a non-binding, conditional proposal from Pon Holdings to combine Accell Group with its own bicycle activities.”

Accell say the announcement has been made in ‘anticipation of market rumours’ and is studying the non-binding 32.72 euro per share proposal as part of ‘exploratory discussions with Pon Holdings’.

Full story: http://www.pedelecs.co.uk/news/accell-group-receives-e845m-takeover-proposal-pon-holdings/

 

[flecc]

That's quite cheeky, since although Pon Holdings is large overall, their cycle side is very much smaller than Accell's.

Combined they'll be not far off a European monopoly on pedelecs and normal bikes.
.