understands that your privacy is important to you and we are committed for being transparent about the technologies we use. Check Business Breaking News Live on Zee Business Twitter and Facebook.

Get Latest Business News, Stock Market Updates and Videos Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. (This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.) Trading in the shares of Hexagon and Next Biometrics had ended for the day before the verdict was released. 'We`ll carefully consider the verdict and whether to file an appeal,' Bender said. Norway`s white-collar crimes unit now has two weeks to decide whether to appeal the verdict to a higher court, prosecutor Marianne Bender told Reuters. Hexagon`s shares fell 10 percent following news of the accusations in October 2016 but the stock is up 25 percent over the last 12 months after reports last June that Hexagon had held talks on a possible sale to a U.S. Rollen took to Twitter after the verdict, writing 'From Oslo with love' and posting a photo of himself pointing to a text that read 'if all else fails, try common sense!'Īs Hexagon CEO, Rollen has helped transform a sprawling conglomerate with a market value of a few billion crowns in 2000 into an $18 billion technology market leader following a stream of acquisitions and high growth. The maximum sentence the prosecution could have asked for was six years in prison.

Prosecutors said this was illegal because Greenbridge was involved in talks to take a larger stake in Next at a higher price. The case dates back to Rollen`s purchase of Next shares on October 6 on behalf of Greenbridge, an investment firm he co-founded. 'I am relieved by the court`s verdict, confirming what I and my lawyers have stated from the beginning that I did nothing wrong,' Rollen said. Rollen`s lawyer argued during the trial that his client did not possess privileged information at the time of the share purchase and that the transactions he made were motivated by his own independent analysis of Next Biometrics.

Hexagon ceo