De Lage Landen to buy Athlon for 580 mln euros

Newswire

AMSTERDAM, March 22 (Reuters) - Dutch car leasing company Athlon Holding has agreed to a 580-million-euro ($700 million) offer for the company by Rabobank unit De Lage Landen's car leasing business, the firms said on Wednesday. De Lage Landen is offering 30.25 euros in cash for each Athlon share, a premium of 16.8 percent to Athlon's closing share price on March 21. The company said the price is inclusive of the proposed dividend for 2005 of 0.95 euros a share. "Combining Athlon Car ...

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