Perstorp AB's board recommends acceptance of Industri Kapital offer
July 18, 2000
Perstorp AB, parent company of Pergo, Inc., announced the receipt of a public offer from Industri Kapital to acquire all the shares and convertible debentures of Perstorp AB. Perstorp’s board of directors have decided to recommend that the shareholders and convertible debenture holders accept the $1.1 billion offer. Industri Kapital intends to develop the operations within chemicals and flooring separately and ultimately list the companies on the stock exchange, according to a company statement.