STOCKHOLM-Allgon’s board of directors announced it is rejecting an offer by LGP Telecom Holding AB to acquire the share capital of the company.
Among other things, Allgon said LGP significantly undervalued Allgon and the acquisition would decrease Allgon’s focus on advanced telecom products. The board said it is actively exploring alternatives to “achieve the most favorable outcomes for Allgon shareholders and other stakeholders.”
