Accell, Dutch, electric bike, Group, Haibike, Netherlands, Pon, value -

Amsterdam-listed Accell Group (home of Haibike and Raleigh) has pulled the plug off talks with private Dutch transportation group Pon Holdings stating the offer failed to provide “adequate recognition of the future value Accell Group can create independently”. The original offer valued Accell at €845m. Hielke Sybesma, interim chairman of Accell, said, ‘Having studied every important aspect of the offer, the supervisory board and the executive board have come to the joint conclusion that Pon Holding’s offer does not sufficiently reflect the future value creation of Accell Group and the expected synergies. It has also become clear that the offer...

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