22/07
Fujitsu Services
Fujitsu Services completes the offer for Mandator
On 8 October 2007, Fujitsu Services Overseas Holdings Limited (“Fujitsu Services”) announced a recommended offer for all the shares in Mandator AB (publ) (“Mandator”) at a price of SEK 3 in cash for each share in Mandator. Holders of convertible participation certificates issued by Mandator were offered a price in cash equivalent to nominal value for each convertible participation certificate (the “Offer”).
1st November 2007 — The acceptance period for the Offer expired on 31 October 2007. More than 90 percent of the total number of shares and votes in Mandator has been tendered in the Offer. Fujitsu Services declares the Offer unconditional and announces that it will be completed. Once the final number of shares tendered into the offer is known, Fujitsu Services will take the appropriate steps to delist Mandator AB and to acquire the remaining shares in the company.
Commenting on the outcome of the offer, Mike Stares, managing director of Nordic operations, Fujitsu Services, said “I am delighted with the success of our offer. The positive reactions we have received from the customers and employees of both Mandator and Fujitsu Services, as well as the analyst community, have reinforced the logic of this transaction. This creates the 6th largest IT services company in Sweden, offering great career opportunities to our people and providing end-to-end support across the complete IT environment to an extensive customer base. I am looking forward to welcoming the Mandator employees to Fujitsu Services.”
About Fujitsu Services
Fujitsu Services is a leading European information technology services company. Its business is helping its customers realise
the value of information technology through the application of consulting, systems integration and managed service contracts.
It serves customers in the private and public sectors across Europe including retail, financial services, healthcare and Government.
With an annual turnover of £2.46 billion (€3.59 billion), it employs over 19,000 people across 20 countries.
Headquartered in London, Fujitsu Services is the European IT services arm of the US$43.2 billion (€32.5 billion) Fujitsu Group.
