German RHEINMETALL (armaments, electronic equipment, automobile parts, machine tools) is preparing to make a bid for part of the capital that it does not yet hold in JAGENBERG (annual turnover around EUR 400 million with 2,500 employed) specialised in paper and plastic/aluminium sheeting techniques. RHEINMETALL will propose 2.30 euros for every JAGENBERG preferential share. It currently holds 52% of the latter's capital.