The compositions of the boards of directors have also been announced. Mikko Siuruainen would lead Talenom’s board and Harri Tahkola Easor’s board. More detailed information Talenom Oyj:n hallitus ehdottaa uutta hallitusta Talenomille sekä jakautumisessa perustettavalle uudelle itsenäiselle yhtiölle Easorille, mikäli yhtiön jakautuminen toteutuu - Inderes and
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Here are Juha’s comments regarding the latest “news”. 
Talenom’s Board of Directors announced on Friday proposals for the CEO of the “new Talenom” and additional proposals for the boards of both Talenom and Easor, which is expected to be formed in the demerger in Q1’26. The proposal for Talenom’s CEO was expected, and there were no real surprises in the board proposals either. Talenom’s demerger process appears to be progressing as planned, and the general meeting’s approval for the demerger plan can be obtained in the coming months. From our research’s perspective, the most critical point is the publication of Easor’s listing prospectus, which contains all essential information for valuing the company.
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In my eyes, these proposed management/board composition changes strengthen the scenario where the end result is the sale of Easor. What are others’ thoughts?
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Why bother splitting up if the intention was to sell part of the company? It would be cheaper to just send an invoice to the buyer and forget the rest.
Yes, I recall some instances from the US as well, where when a company splits into two publicly traded companies, one of them receives a takeover bid shortly after. The buyer determines its current stock market value and if they are willing to pay more on top of that.
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And in Finland, Neles wasn’t on the lists for many days before a takeover bid. Withsecure took longer.
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Didn’t the parties that bought both WithSecure and Neles know the company quite well? By this analogy, then, is someone like Tähkölä gathering a buyer consortium?
That’s fine too, if there’s the same 70% premium CVC now owns 73% of WithSecure, and Siilasmaa’s share slightly decreased from the previous 27%. That turned out to be one of the best profits in recent years…(if you knew how to buy at the bottom, ahem)
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No need to wait anymore, the update is out…
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Here are the comments from the man from Sotkamo regarding Talenom’s demerger-related matters, based on the company’s recent announcement, including the clarification of the demerger schedule.
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