Oerlikon Group, previously known as Unaxis Holding, is planning to finance the proposed purchase of Saurer through its own shares rather than cash, according to Swiss Sunday paper SonntagsZeitung.

At current market capitalisation, Oerlikon's latest CHF110.00 (US$87.65) -per-share offer for the textile machinery maker would equal one Oerlikon share for 3.5 Saurer shares, SonntagsZeitung reported.

Oerlikon's original offer for the company was CHF93.42.