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Dec. 6, 2010, 2:37 a.m. EST

De La Rue receives preliminary bid approach

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By Simon Kennedy

UK:DLAR

LONDON (MarketWatch) -- U.K. banknote printer De La Rue PLC /zigman2/quotes/206574260/delayed UK:DLAR -1.92% said Monday that it had received a "highly preliminary and opportunistic" bid approach. The statement came after Sky News reported that the company had rejected a 750 million pound ($1.18 billion) offer from Oberthur Technologies in France. De La Rue earlier this year halted shipments of some banknotes after finding that certain employees had falsified paper test certificates. The company later scrapped a plan to buy back shares as the production problems continued to hurt its revenue.

/zigman2/quotes/206574260/delayed
UK : U.K.: London
112.40 p
-2.20 -1.92%
Volume: 40,903
May 23, 2022 4:35p
P/E Ratio
15.48
Dividend Yield
0.00%
Market Cap
£223.65 million
Rev. per Employee
£177,267
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