Oerlikon has over $4 bln for takeovers - report

Newswire

ZURICH, March 28 (Reuters) - Swiss technology group Oerlikon has at least 5 billion Swiss francs ($4.10 billion) available for takeovers, its supervisory board chairman Georg Stumpf said in a newspaper interview on Wednesday. The acquisition-hungry company has over 3 billion francs of its own financing, plus additional financing that could be derived from companies that would be acquired, he told Swiss newspaper Finanz und Wirtschaft. "A conservative estimate puts the value of this ...

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