19 May 07 Alfa Laval Open Offer price increased
Alfa Laval’s swedish parent has increased the open offer price for acquiring 25.89% of Alfa Laval stock. The open offer price has been increased from Rs.875 to Rs.1300, making the open offer look very attractive now. However, I personally feel that Alfa Laval’s swedish parent will soon delist Alfa Laval India and offer a much higher price to Alfa Laval India’s minority shareholders. Hence, I’ve decided to hold on to Alfa Laval. I’m infact contemplating about buying more shares of Alfa Laval India. Wish me luck!
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