【印刷機】　ハイデルベルグ総合

118 ：氏名トルツメ：2009/10/12(月) 22:56:36 .net

マンローランドがハイデルとの合併を中止
（ハイデルの経営状況悪化のため）

http://www.reuters.com/article/innovationNews/idUSTRE59B1TO20091012

Manroland calls off merger with Heidelberg: sources

FRANKFURT (Reuters) - Manroland, the world's second-biggest maker
of printing presses, has called off merger talks with Heidelberg
(HDDG.DE) due to poor financial results at its troubled larger
rival, three sources familiar with the matter said.
"Under the circumstances it is not defensible in view of the
responsibility that manroland has to its customers and employees,"
one person told Reuters on Monday.
Manroland's majority owner Allianz Capital Partners (ALVG.DE) and
minority partner MAN (MANG.DE) didn't like what they saw in due
dilligence, the source continued.
"The deal would make sense in principle but not at the current
moment and certainly not in 2010 -- perhaps more in the mid to
long term. There is no belief in the possibility of financing it,"
another source said.
The person said one reason was Heidelberg's warning late on Friday
that sales and orders would remain below its expectations, leading
to an operating loss that could as much as triple over the previous
fiscal year that ended in March.
Heidelberg, manroland, MAN and Allianz declined comment.
Heidelberg shares fell by more than a fifth by 1112 GMT
(7:12 a.m. EDT).