Ateliere’s decision not to acquire Codemill is ‘serious breach of takeover rules’ – TVBEurope

Ateliere’s decision not to acquire Codemill is ‘serious breach of takeover rules’ – TVBEurope

The Swedish Securities Council has ruled Ateliere “must” pay the offer it made to CodeMill’s shareholders “as soon as possible” Source: Ateliere’s decision not to acquire Codemill is ‘serious breach of takeover rules’ – TVBEurope

Ateliere's decision not to acquire Codemill is 'serious breach of takeover rules'

The Swedish Securities Council has ruled Ateliere Creative Technologies’ decision to pull out of its acquisition of CodeMill is a “particularly serious breach” of the country’s takeover rules. Last month, Ateliere announced it had decided against acquiring the workflow solutions provider, stating that “due to the current, unforeseen turbulence in the US and in the global business and financial markets”, the company was no longer in a position to…