Candover withdraws euro1.5bn offer for Stork http://finance-week.org/?p=689... UK-based private equity group Candover has withdrawn its Ð’1.5bn offer for Dutch company Stork. Candover had offered Ð’47 a share, to be financed through its Candover 2005 fund. The private equity firm has walked away from the deal because current Stork shareholder, Icelandic holdings company LME Holdings, will not sell its approximately 43 per cent shareholding.Candover had made its Stork share offer conditional on being able to acquire at least 80 per cent of Stork’s shares, meaning the deal could not go ahead without LME’s acceptance.
