STOCKHOLM, Sweden, May 10, 2002 (PRIMEZONE) -- Securitas has the following announcement to make concerning the recent press speculation regarding Securitas and Chubb.
Securitas has a two leg strategy.
One is to grow by developing its existing business. The second is to grow by acquisitions. Our aim has all the time been to do this and at the same time increase earnings per share.
We are continusly having discussions with companies in the industry concering potential cooperations and acquisitions.
We have been in discussions with Chubb on a possible business combination. The discussions have been of a very preliminary nature. So far no results have been achieved.
Further information can be obtained from Thomas Berglund, President and CEO, Hakan Winberg, Executive Vice President and CFO and Henrik Brehmer, Senior Vice President Investor Relations, phone: +44 208 432 6500
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The following files are available for download:
http://www.waymaker.net/bitonline/2002/05/10/20020510BIT00520/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/10/20020510BIT00520/wkr0002.pdf