Nibe Industrier Ends Interest in Fujitsu General
Provided by
Dow Jones
By Dominic Chopping
STOCKHOLM--Swedish heating technology company Nibe Industrier AB said Monday it has decided to end the process of evaluating a potential bid for Fujitsu General Ltd.
Nibe said last month that it was considering making an acquisition of all or a majority of the Japanese company.
Shares rose 3% Monday to 107.30 Swedish kronor ($10.22) after the news.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
March 20, 2023 07:17 ET (11:17 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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