B&O would listen to potential buyer of company

33 replies

Correctamundo  ,I totally agree with you here ,shame B&O been rudderless for a while and Bang olufsen are as much we love their (some) products are stubborn !

Duels wrote:
This article doesn’t really tell us anything new. As a public company B&O is obliged to listen to offers/enquiries if they appear genuine. That’s all part of being a listed company. The directors have to act in the interests of shareholders.

I read 2 quotes that caused the PR person to deny the company was put up for sale. That IS new and probably not good form. 

Interesting reading in another article!😉

Sparkle Roll

Investors may now be asking themselves why B&O’s board was so determined to fend off a 2016 takeover attempt. Back then, Sparkle Roll -- a company controlled by Chinese billionaire Qi Jianhong -- indicated it was interested in buying B&O as it built up a major stake. But Andersen rebuffed its overtures, referring to the uncertainty surrounding a potential bid. That was three years ago, when a B&O share cost considerably more than now.

Andersen has more time to focus on B&O these days, after being ousted from the head of the board of Danske Bank late last year in connection with a $230 billion money laundering scandal. His departure was forced through by A.P. Moller, the biggest shareholder in Danske. Andersen has also agreed to step down as chairman of food-ingredient maker Chr. Hansen.

ed7 wrote:
Investors may now be asking themselves why B&O’s board was so determined to fend off a 2016 takeover attempt. Back then, Sparkle Roll -- a company controlled by Chinese billionaire Qi Jianhong -- indicated it was interested in buying B&O as it built up a major stake. But Andersen rebuffed its overtures, referring to the uncertainty surrounding a potential bid. That was three years ago, when a B&O share cost considerably more than now.

I seem to remember it was the other way around, I.e. Sparkle couldn't or wouldn't provide the credentials and lost interest in the process, The worst part is actually the longer this goes on the more the brand value gets diluted.

IMHO the only remaining value is in the Play segment, unfortunately extremely volatile and the Beolab range where one of the two most expensive speakers have gained a somewhat dubious reliability reputation. In the lower end of the speaker range, the driver is based on a 30 year old iconic design, and as much as love and admire that speaker, it needs some siblings to play with!

It's going to be a tough sell, especially with the overhead needed for the "own store" concept to operate,- perhaps the true achilles heel!

9 LEE wrote:

B&O would make a good 'Halo Brand' for someone like LG.

What's left of the brand name, plus some very good technical people. That's all B&O has to offer from a buyers perspective, unless you're looking to build a huge art- hotel in the middle of nowhere, complete with sheep...

Lee

A luxury spa is not a bad idea 🙂
Jeff wrote:

Jeff

I'm afraid I'm recovering from the BeoVirus.

I started to recover from the virus, too, a couple of years ago. That said, I'm keenly watching what will be revealed at IFA.

Apple should buy it and sell B&O products as a separate brand in Apple stores

KMA wrote:
Jeff wrote:

 

Jeff

 

I'm afraid I'm recovering from the BeoVirus.

 

 

 

I started to recover from the virus, too, a couple of years ago. That said, I'm keenly watching what will be revealed at IFA.

 

I keep hoping that they will get their act together again, but keep getting disappointed. Hoping for something worthy and interesting at IFA as well, time will tell.

thorne wrote:

Apple should buy it and sell B&O products as a separate brand in Apple stores

Why should Apple buy company like B&O with low quality and over priced products?

For example look at the ratings of the B&O App at the Apple App Store. When a company in the high price segment is not able to develop high quality products, it is not surpricing that the development of sales / revenue as well as the share price looks like the one of B&O in the last months.

The time for B&O is over …

The price for a B&O oled television is much too high! 

They don't follow the marketprices. 

They should better stop with their LG oled television with their own sound. 

 

 

 

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