Quadrant: takeover

The takeover offer went through and I got CHF 86.00 per share, causing me a loss of 59.3%

Qadrant: Aquamit takeover offer

The takeover offer is now official. Quadrant sent me a letter to shareholders giving details of the bid. Aquamit offers CHF 86.00 per share. That's a bit lower than the range of CHF 86.65 to CHF 90.00 at which the stock has been trading today so far.

Quadrant: take-over bid

Aquamit B.V has made a take-over bid for Quadrant. Aquavit was incorporated in the Netherlands by the Japanese company Mitsubishi and four members of the board of Qadrant specifically for this take-over.

The offer is CHF 87 per share, far below my cost of CHF 211.50 on 4 September 2007.

Yesterday, the price shot up from the previous close of CHF 70 to a high of CHF 90 and today so far the stock has been trading between CHF 89 and 90.

Buying quadrant

I buy Quadrant (QUAN) at CHF 211.50.

According to a press release on 30 August and news report on 31 August, the two British companies BC Partners and Cheyne Special Situations Fund are considering a buy-out offer at CHF 300 - 330 per share.