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11.9 billion kronor bid for WM-data

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12:09 CEST+02:00
Anglo-Dutch technology services firm LogicaCMG on Monday launched a recommended takeover bid for WM-data, valuing its Swedish peer at 882 million pounds.

"LogicaCMG announces an offer to acquire the entire share capital of WM-data, a leading Nordic IT services provider," the group said in a statement to the London Stock Exchange.

The takeover, worth 11.9 billion Swedish kronor, would create the seventh largest European IT services company in terms of revenue, and one of the top 20 companies worldwide, it said.

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The ‘fairytale' boarding school nestled in a Swedish village

The words ‘boarding' and ‘school' often summon images of strict teachers, drab dormitories and downcast children. That image couldn't be further from reality at Sigtunaskolan Humanistiska Läroverket (SSHL), where boarders describe the ‘fairytale' school as a home away from home.