Biometrics firm Fingerprint Cards reportedly declined an acquisition offer from a Chinese company because it was too low.Following the report in Beta Ville this week, shares in FPC initially rose some 4.8%, before retreating to their original price.The report had stated that a Chinese company approached Fingerprint Cards this summer about a potential takeover deal that is likely to value the Gothenburg-based business at well over its current market capitalisation of SEK 33 billion (£3 billion).Fingerprint Cards held talks with the Chinese company's advisers, according to these sources. The Chinese company – thought to be Beijing Watertek Information Technology – is being advised on its interest in Fingerprint Cards by several parties, including a well-known “industrialist”, according to these sources familiar with the situation.The report adds that one source familiar with the matter said the most recent approach from the Chinese company had been politely rebuffed as it was not high enough. It's not clear whether Fingerprint Cards is willing to continue talking to Beijing Watertek Information Technology about a deal.
FPC ‘declined bid’ from Chinese firm
