Brief: Cofinimmo's Board Does Not Support Terms Of Offer By Aedifica
09/05/2025 06:34
May 9 (Reuters) - Cofinimmo SA COFB.BR: BOARD OF DIRECTORS REACTS IN THE CONTEXT OF AEDIFICA’S NON‐BINDING EXCHANGE OFFER WHILE THE BOARD ACKNOWLEDGES THE STRATEGIC RATIONALE, IT DOES NOT SUPPORT THE TERMS OF THE PROPOSAL BOARD UNANIMOUSLY CONSIDERS TERMS PROPOSED BY AEDIFICA UNDERVALUES COFINIMMO, FUTURE PROSPECTS, PRESENTS SIGNIFICANT EXECUTION RISKS BOARD BELIEVES THE PROPOSED EXCHANGE RATIO DOES NOT REFLECT QUALITY AND VALUE OF COFINIMMO’S PORTFOLIO, NOR CASH GENERATION PROFILE ANY STRATEGIC ALIGNMENT BETWEEN THE TWO WOULD REQUIRE A CAREFULLY BALANCED APPROACH BOARD WILL ALSO CONSIDER OTHER AVENUES TO MAXIMISE SHAREHOLDER VALUE Source for text: tinyurl.com/ye532k5d Further company coverage: COFB.BR (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))