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Nilfisk responds to filing by major shareholder with US SEC.

M2 EQUITYBITES-December 15, 2017-Nilfisk responds to filing by major shareholder with US SEC

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Nilfisk Holding A/S (CPH:NLFSK) announced on Thursday that it is aware of a public filing made by one of its major shareholders, PrimeStone Capital LLP, with the US Securities and Exchange Commission on 13 December 2017.

Under this filing, PrimeStone Capital has notified its acquisition of a major shareholding in Tennant Company (NYSE: TNC). This filing includes a recommendation for a merger between Tennant and Nilfisk.

PrimeStone Capital LLP has made Nilfisk aware of its filing and initiative.

Nilfisk added that its s strategy continues to be to simplify its business and to grow organically and through M&A.

Nilfisk Holding, through its subsidiaries, produces and sells cleaning products such as floor care equipment, vacuum cleaners, high pressure washers and detergents. It serves agriculture, automotive, beverage, construction, ceramics, chemical, electronics, health care, hospitality, textile and pharmaceutical industries.

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Publication:M2 EquityBites (EQB)
Date:Dec 15, 2017
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