Bang & Olufsen, the Danish television and sound system manufacturer, announced it would consider any takeover offers it is approached with after receiving a profit warning last month. The company’s shares have fallen to their lowest level since 2009 since issuing the profit warning. Chairman Ole Andersen said, “If someone knocks our door, we will of course listen to what they have to say.” He also said, “We are not blind to the bigger Asian players, who have size advantages and much lower cost levels, which are some of our mains problems.” Bang & Olufsen products are more on the luxury end of the market. The firm has a market cap of $225 since losing 28% over the last quarter. Finally Andersen said, “We cannot continue with quarterly results going up and down, and due to our lack of size, B&O cannot handle too many such fluctuations without affecting the business.”