Takeover Offer Made for Pergo

Stockholm, Sweden, January 12, 2007--Swedish flooring company Pergo AB said Friday it had received a preliminary cash offer for all its stock from a bidder it did not identify. Based on the number of shares outstanding, the offer of 51 kronor (€5.60; US$7.20) per share would value the company at around 2.7 billion kronor (€296 million; US$382 million). Pergo, which specializes in laminate flooring and operates in 22 countries worldwide, said the name of the bidder and further terms of the deal will remain confidential until a formal offer is made. Shares in Pergo were suspended on the Stockholm exchange Friday, but traded up 3.3 percent at 46.40 kronor (€5.10; US$6.60) prior to the offer announcement.