Linamar Corp makes bid for outstanding shares of Linamar Hungary

Linamar Corporation submitted the voluntary bid for approval on April 27, 2011 to the Hungarian Financial Supervisory Authority. Linamar Corporation directly owns 8,294,767 ordinary shares representing 96.67pc of registered capital, as well as 96.67pc of voting rights, and holds another 2.80pc of the votes through Linamar Holding Inc. The statement said the bid price is HUF 2,570 per share. Linamar Hungary shares are traded in category “A” of the Budapest Stock Exchange. The shares closed at HUF 2,549 on Wednesday, and moved between HUF 1,900 and HUF 2,645 in the past 52 weeks.

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