Sigma Stock Jumps as Shareholder Danir Offers Full Buyout

Sigma AB, a Swedish information-technology and consulting company, soared the most in almost four years after shareholder Danir AB said it will buy remaining stock at 25 percent more than yesterday’s closing price.

Sigma surged 24 percent to 6.7 kronor, the biggest intraday increase since April 2009, and was trading 23 percent higher at 12:26 p.m. in Stockholm, lifting the market value to 578 million kronor ($92 million). Danir, which already owns 28.3 percent of the capital and 31.4 percent of the votes in Sigma, is the biggest investor. It’s planning a bid of 6.75 kronor a share.

“Our experience in running a private company long-term is good,” Dan Olofsson, chairman of Sigma and owner of Danir, said in a statement. “The offer is independent of the level of shareholder agreement, and it’s Danir’s goal to buy all of Sigma.”

Management at Gothenburg-based Sigma will be able to better focus on developing the company under private ownership, and costs related to the company’s listing on the stock exchange would be eliminated, Danir said.

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