An independent committee described the offer by Sveaasinvestment vehicle Kistefos as “unfair” based on a report by Deloitte andTouche and fears the move would lead to further job cuts.
Kistefos offered SEK 5 ($0.76) per share late last month forthe 36.8% of RABT it does not own, valuing the company at SEK 739m.
In a statement to the Nasdaq OMX in Stockholm, the committeepointed out that the offer represents almost no premium to the average shareprice over the 30 days leading up to the offer.
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