Brief: Aker Offshore Wind And Aker Horizons Announces Merger Plan

Aker Horizons ASA

30/03/2022 06:50

March 30 (Reuters) - Aker Horizons ASA  AKH.OL :
    * AKER OFFSHORE WIND AND AKER HORIZONS ANNOUNCE MERGER PLAN
    * AKER OFFSHORE WIND AND AKER HORIZONS TO COMBINE IN AN
ALL-STOCK
MERGER THAT WILL REPOSITION AOWAS A PRIVATELY HELD SUBSIDIARY OF
AKER HORIZONS
    * SHAREHOLDERS IN AKER OFFSHORE WIND (OTHER THAN AKER
HORIZONS)
WILL RECEIVE 0.1304 MERGER CONSIDERATION SHARES IN AKER HORIZONS
FOR EACH SHARE OWNED IN AOW
    * EXCHANGE RATIO IS BASED ON 30 DAY VOLUME WEIGHTED AVERAGE
SHARE
PRICE FOR EACH OF AKER OFFSHORE WIND AND AKER HORIZONS AND
IMPLIES A SHARE PRICE OF NOK 3.01 PER AOW SHARE, REPRESENTING A
PREMIUM OF 6.9% TO CLOSING PRICE OF AOW ON 29 MARCH 2022

Source text for Eikon:  ID:nWkr5x1jyv 
Further company coverage:  AKH.OL 

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