On Tuesday, KBA CEO Helge Hansen made an indirect "offer" through Handelsblatt for a merger with manroland. This was fiercely rejected by manroland primary shareholder ACP (Allianz Capital Partners), reports the Börsen-Zeitung (business newspaper in Frankfurt am Main). Clearly the goal for manroland is a stand-alone solution, and the offer by KBA would not be considered. This was reported on Tuesday by people close to the investor. Wirtschaftswoche (Industry Week) quoted an ACP insider: "We did not expect this offer, and have no intentions to connect with KBA in this way."