Archived posting to the Leica Users Group, 1996/09/02
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Yes, there will be a float of up to 3.5 million Leica shares before 19
September 1996. Leica management is holding meetings right now with the
financial community to get these people interested in buying the new Leica
shares. As the actual 3-head Leica management (Klaus-Dieter Hofmann,
Finance/Controlling, Burkard Kiesel, Manufacturing/Development and Wolfgang
Muller, Marketing/Sales) is barred from selling the shares they owe, I
suspect that the decision to go public comes from the Swiss Schmidheiny
family, who controls Leica through the company structure they own. They
probably want to cash in before electronic imaging starts reducing the value
of their Leica investment.
I asked the Union Bank of Switzerland, who is one of the two global managers
for the sale (with WestDeutsche Landesbank) for a copy of the Leica
prospectus. Once I have received same, I'll sent a message to the members of
the Leica group with the key information contained in the document. Very
soon we will be able to invest in Leica in two ways, by buying their cameras
and by buying their shares.
It will be cameras for me.
Gerard Captijn,
Geneva, Switzerland.
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........................today that over the weekend Leica made an
>announcement that it is making a public offering to raise $20
>million. The annoucement in Germany was interpreted, I am
>told, to mean that Leica prices will go down (the good news)
>and in the long run so will Leica quality.
>
>I wonder if anyone has heard anything about this.
>
>
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