Swedish Diaper Co. Bids On Chinese Tissue Maker Vinda

Law360, New York (September 9, 2013, 7:39 PM EDT) -- Swedish hygiene and forestry products company Svenska Cellulosa Aktiebolaget has offered to acquire a majority of Chinese tissue maker Vinda International for HK$11 ($1.42) per share, up to a maximum of HK$8.6 billion both companies announced Monday.

The deal represents about a 34.5 percent premium on Vinda's average stock value over the 30 trading days before the bid announcement, according to SCA, which already owns 21.7 percent of Vinda's stock. The acquisition would help the Swedish company tap into the rapidly growing toiletries market within China's...
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