Check Point raises offer for Protect Data

Only 41% of the company's shareholders have accepted Check Point's original offer.

Check Point (Nasdaq: CHKP) has raised its offer for Swedish company Protect Data AB (SAX:PROT) by 4%, to SEK 187 per share, from SEK 180 per share which the company offered a month ago.

This brings the total offer to SEK 4.314 billion ($625 million), compared to the SEK 4.142 billion ($586 million) previously offered. The new offer will stand until January 8.

A month after Check Point's original offer for the company, only 41% of the company's shareholders have accepted it. The original expiry date for the offer was December 22 - the end of this week - and by then, under Swedish law, 90% of shareholders must have accepted it.

Published by Globes [online], Israel business news - - on December 19, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

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