Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Rottneros Shares Rise After $52.6 Million Bid From Arctic Paper

Rottneros AB climbed the most in more than a year in Stockholm after Arctic Paper SA made an offer that valued the Swedish maker of pulp at about 351 million kronor ($52.6 million).

The shares rose as much as 12 percent, the biggest intraday jump since October last year. Stockholm-based Rottneros traded 6.5 percent up at 2.14 kronor as of 11:01 a.m.

Shareholders would get 0.1872 new Arctic Paper shares for every Rottneros share, Arctic Paper said today in a statement. Holders of 2,000 or fewer shares may also opt for a cash offer of 2.30 kronor per Rottneros share. The bid offers a premium of 14.4 percent compared with the price when trading in the shares was halted yesterday, according to the statement.

The new company will have better operational capacity, a stronger balance sheet and better access to the capital market, Kostrzyn, Poland-based Arctic Paper said. The maker of graphic fine paper has two paper mills in Sweden, one in Poland and one in Germany while Rottneros operates two pulp mills in Sweden.

“The merger creates a natural hedge against fluctuations in the pulp price for the new group,” Arctic Paper said in the statement. “The merger will also mean decreased exposure for the new group toward non-European currencies, mainly the U.S. dollar.”

Rottneros’ board unanimously supports the offer and shareholders representing 28.7 percent of shares and votes have stated they’re in favor of bid.

Arctic Paper predicted annual savings of about 80 million kronor would be fully realized within 12 to 18 months. The company plans a listing in Stockholm beside the primary listing in Warsaw.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.