AMSTERDAM, April 11 Accell Group , the
maker of Dutch bicycle brands Sparta and Batavus, said Tuesday
it had received a takeover proposal that values its stock at 845
million euros ($895 million) from investor Pon Holdings.
Pon is a diversified trading and distribution company in the
transportation sector which also owns Gazelle and Santa Cruz
Accell said it was studying the non-binding 32.72 euro per
share proposal, which represents a 27 percent premium to its
closing price of 26.53 euros on Monday.
It said it is in talks with Pon and that there was no
guarantee that the negotiations would lead to a deal.
($1 = 0.9446 euros)
(Reporting by Toby Sterling)