On May 10, 2007 Novator announced its intention to make a voluntary takeover offer for the class A common shares of Actavis Group hf. Novator offers EUR 0.98 per share. In the announcement Novator states that Novator intends to seek delisting of Actavis. A formal offer is expected shortly.
On May 4, 2007 Mosaic Fashions hf., announced that they have received a non-binding indicative offer from Baugur Group hf. and certain investment partners. Baugur group and its partners offer ISK 17.5 per share. Mosaic Fashions states that the process is in an early stage and uncertainty as to whether any formal offer will be made.
If a take-over obligation arises before the next selection for the OMXI15 index , the companies will be deemed ineligible for inclusion in OMXI15 according to the rules of the OMXI15. Otherwise the companies will be eligible for inclusion. The selection for OMXI15 effective July 2, 2007 will be published after markets close on June 8, 2007.
