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Untitled Page
ARCHIVED FORUM -- April 2007 to March 2012 READ ONLY FORUM
This is the first Archived Forum which was active between 17th April 2007 and
1st March February 2012
Latest post 02-26-2008 6:49 AM by ed7. 56 replies.
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02-22-2008 4:10 AM
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spotgest
- Joined on 08-02-2007
- Posts 10
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Bang & Olufsen Rises on Report of Possible Takeover Interest
From Bloomberg News: By Meera Bhatia Feb. 22 (Bloomberg) -- Bang & Olufsen A/S, the electronics maker that ousted its chief executive officer last month, rose the most in three weeks in Copenhagen trading after Berlingske Tidende said the company may be a bid target. Bang & Olufsen gained as much as 12.5 kroner, or 3.9 percent, to 333 kroner. The percentage advance was the biggest since Jan. 29. The stock was up 3.6 percent at 332 kroner at 9:22 a.m. local time, reducing this year's drop to 31 percent. Private-equity firms may seek to take over the luxury consumer-electronics maker following the share-price slide, the Copenhagen-based newspaper reported, without saying how it got the information. ``Some'' funds are interested in buying the company, the newspaper said, without identifying them. Bang & Olufsen ousted Torben Ballegaard Soerensen as CEO on Jan. 10, a day after forecasting lower earnings. Telephone calls made to Tino Pedersen, head of information at the Struer, Denmark-based company, weren't immediately returned today. Henrik Ekman, asset manager for pension fund LD, declined to comment, according to Berlingske. LD owns 5.5 percent of Bang & Olufsen's shares and controls 13.7 percent of its voting rights, enough to block a takeover, the newspaper said. --With reporting by Christian Wienberg in Copenhagen. Editor: Dan Weeks.
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mobeyone
- Joined on 03-27-2007
- UK
- Posts 955
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
I kind of expected this to become "news" at some point.. not good and I hope there is a strong opposition against any takeover as this would probably mean the end of B&O as we know it.... Just to add, I would say that most companies will be subjected to the same rumours as eagle eyed investors will be looking to snap up companies for peanuts that are looking a little shaky as a result of the current problems within the global economy.
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dp
- Joined on 06-28-2007
- Posts 47
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
hmmm you could always look at Aston Martin and Lamborghini as examples of high end, small companies who have positively benifited under ownership. Lambo is a good example - same exotic design, strong national identity but now backed up with real technological performance, innovation and reliability - those things would be good to add to B&O right now... but remember you dont find an Audi rings on a Lambo or (used to) find a Ford oval on an Aston! so samsung stamped on everything (or however takes over) is not the answer.
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Alex
- Joined on 04-23-2007
- Posts 223
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
a take over ? well, in 2 years b&o will start producing wash machines for the world market in Dansk design
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wirralsimon
- Joined on 04-17-2007
- Birkenhead, UK
- Posts 1,253
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
A takeover doesn't have to be a bad thing, it depends entirely of who is doing the takeover and what they do with the company. I suspect a new owner would either take B&O further upmarket or go the other way and look at B&O as simply a brand that could be used for badge engineering purposes.(Which would be a bad thing!) A hard-nosed corporate buyer would be quite likely to move more manufacturing away from Struer to the Slovakian site and simply keep the design operation in Denmark to reduce costs. Simon
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Alex
- Joined on 04-23-2007
- Posts 223
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
If an american company will takeover they wil exploiting the company and then close it.
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ed7
- Joined on 12-06-2007
- uk
- Posts 297
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
Alex: If an american company will takeover they wil exploiting the company and then close it.
i like your optimism lol
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wirralsimon
- Joined on 04-17-2007
- Birkenhead, UK
- Posts 1,253
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
Alex: If an american company will takeover they wil exploiting the company and then close it.
To be fair there are agressive venture capitalists in many countres these days (the Uk is one of the worst offenders!) , the anti-American slant isn't really necessary. Simon
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Beobird
- Joined on 04-19-2007
- Netherlands
- Posts 506
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
If I had the money I should buy the B&O factory myself
We Can't Get Enough B&O Stuff...
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kuliand
- Joined on 05-07-2007
- nuneaton
- Posts 43
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
B&O being taken over by private would almost certainly be bad thing so i would rather a large company like samsung bought it. Do either of the bang or olufsen families own many shares in the company still.
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Alex
- Joined on 04-16-2007
- Bath & Cardiff, UK
- Posts 2,990
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
Somehow though, I can't quite see a takeover happening. Whilst things clearly haven't gone as well as B&O expected, they're still financially sound...
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moxxey
- Joined on 04-14-2007
- South West, UK
- Posts 2,360
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
Alex, the media company (will remain unnamed) I work for is a very large and big publishing company, also financially sound. However, we were taken over by a private equity company. Same with elements of EMAP. The biggest issue with private equity is that they want a quick profit and often spend the short-term streamlining the company they've taken over. Private equity companies are only in it to sell on the company for a profit, sooner rather than later. However, it might mean that they immediately ditch the phones, car deals and concentrate on the TVs, speakers and core products. Private equity companies move very quickly, so we could expect almost immediate changes. The company that took over our media company made changes within 2 months of the takeover.
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ed7
- Joined on 12-06-2007
- uk
- Posts 297
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
the writing was on the wall b&o handled the transition from the analog to digital badly imho
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wirralsimon
- Joined on 04-17-2007
- Birkenhead, UK
- Posts 1,253
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
Alex:
Somehow though, I can't quite see a takeover happening. Whilst things clearly haven't gone as well as B&O expected, they're still financially sound...
It'a all down to whether the current owners of the shares think they will make more money from a buyout or by hanging onto their shares. If it's the former then a deal is likely to be done assuming (and it is a big assumption) that there is an interested buyer who wants to splash the cash, whether or not B&O is making a profit.
Simon
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Jez
- Joined on 06-13-2007
- Posts 150
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
Philips helped B&O out of a slump in the past.
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Flappo The Grate
- Joined on 04-16-2007
- Posts 703
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
ed7: the writing was on the wall b&o handled the transition from the analog to digital badly imho
totally agree with that their attitude to built in freeview on tv's sold in the uk - their biggest market outside denmark says it all oh great , i'll blow £5k on a tv that in 2012 will be useless !
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Christian
- Joined on 04-16-2007
- Copenhagen, Denmark
- Posts 626
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
We also have to remember that there are two classes of shares in B&O. The A-shares which count for 10 % of the value, holds about 50 % of the votes. Almost all the A-shares are controlled by LD (see the Bloomberg feed in top), the B&O family and B&O self. This makes a takeover hard to pull through.
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Addicted? Oh no.... ;)
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dp
- Joined on 06-28-2007
- Posts 47
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
Apple take over. BeoSound 6, BeoVision 8, BeoMedia Stopped. B&O integrate Mac OS, Airport, Wi-fi/Blue Tooth into every product. B&O survive another 25 years. The end.
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Flappo The Grate
- Joined on 04-16-2007
- Posts 703
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
that's not as crazy as it may sound they sell bno speakers and headphones at the apple store online who knows ?? maybe jonny ive is a big bno fan and will get uncle steve to buy him sotheing to play with ??
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dilznik
- Joined on 09-19-2007
- Posts 357
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
mobeyone: I kind of expected this to become "news" at some point.. not good and I hope there is a strong opposition against any takeover as this would probably mean the end of B&O as we know it....
Alex: If an american company will takeover they wil exploiting the company and then close it.
Ford taking over Volvo turned out to be the best thing that could've happened to Volvo. They'd be out of business by know if it weren't for Ford. Americans own Ducati and I don't hear anyone complaining about their products either.
Maybe B&O should stop making half the moronic junk they make and concentrate on stereos and TVs. Or better yet Apple should buy them out and integrate all the stereo and TV products with their computers into a true media center for every budget.
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Alex
- Joined on 04-16-2007
- Bath & Cardiff, UK
- Posts 2,990
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
Flappo The Grate: that's not as crazy as it may sound they sell bno speakers and headphones at the apple store online who knows ?? maybe jonny ive is a big bno fan and will get uncle steve to buy him sotheing to play with ??
It's not the kind of thing Apple would do. The only time Apple have taken over other companies is when they want to use their technologies in their products.
Weekly top artists:
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moxxey
- Joined on 04-14-2007
- South West, UK
- Posts 2,360
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
Alex: It's not the kind of thing Apple would do. The only time Apple have taken over other companies is when they want to use their technologies in their products.
You're right on that one Alex. It makes me wince that people believe it might happen. Apple are the polar opposite to the B&O target audience. Even most Apple users believe Apple products are 'too expensive' and they are generally low cost. The only thing Apple would want from B&O is potential patents as, in all honesty, buying B&O would be from loose change. They wouldn't want the stores, the MP3 products, the high-end stuff or factory.
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moxxey
- Joined on 04-14-2007
- South West, UK
- Posts 2,360
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
dilznik: Ford taking over Volvo turned out to be the best thing that could've happened to Volvo. They'd be out of business by now..
Yes, and Ford taking over Jaguar and Aston Martin was probably the worst thing for both those brands *and* Ford!
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355f
- Joined on 04-19-2007
- Posts 655
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Re: Bang & Olufsen Rises on Report of Possible Takeover Interest
moxxey: dilznik: Ford taking over Volvo turned out to be the best thing that could've happened to Volvo. They'd be out of business by now..
Yes, and Ford taking over Jaguar and Aston Martin was probably the worst thing for both those brands *and* Ford!
Im not so sure! Aston never made agood car before Ford injected some cash, actually the V8 is quite good and seems to last beyond leaving the transporter- something the others never did!
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