Brief: I Squared And TDR Update On Process Related To Its Offer For Applus
29/01/2024 07:10
Jan 29 (Reuters) - Amber EquityCo, S.L.U., vehicle of I
Squared Capital Advisors and TDR Capital:
* SAID ON FRIDAY, SPAIN'S MARKET REGULATOR (CNMV) IS
CURRENTLY
PROCESSING SUPPLEMENT TO PROSPECTUS OF OFFER MADE BY APOLLO
THROUGH MANZANA SPAIN BIDCO FOR ALL THE SHARES IN APPLUS
APPS.MC
* APPROVAL OF SUCH SUPPLEMENT SHALL TAKE PLACE WITHIN 3
BUSINESS
DAYS FROM RECEIPT OF RELEVANT APPLICATION
* PROCESSING OF COMPETING OFFER MAY CONTINUE ONCE CNMV
AUTHORISES
SUCH SUPPLEMENT AND IT IS PUBLISHED
* OFFEROR WILL BE GIVEN 10 CALENDAR DAYS FOLLOWING
PUBLICATION OF
SUCH SUPPLEMENT TO FORMALLY COMMUNICATE IF IT CONTINUES WITH ITS
COMPETING OFFER
* IN SUCH CASE, OFFEROR WILL BE REQUIRED TO IMPROVE PRICE
OFFERED
BY MANZANA SPAIN BIDCO TO CONTINUE WITH ITS COMPETING OFFER
* IN SUCH CASE, OFFEROR'S INTENTION IS TO REDUCE MINIMUM
ACCEPTANCE CONDITION OF ITS COMPETING OFFER TO 50% OF APPLUS'
SHARE CAPITAL PLUS ONE SHARE
* IF NEITHER OFFER IS WITHDRAWN, FOLLOWING AUTHORISATION OF
COMPETING OFFER BY CNMV, A 30-DAY ACCEPTANCE PERIOD WILL START,
AT THE END OF WHICH THE OFFERORS WILL BE REQUIRED TO FILE WITH
THE CNMV, IN A SEALED ENVELOPE, THE FINAL PRICE OF THEIR
IMPROVED OFFERS (IF ANY)
Source text: http://tinyurl.com/y4tp8r5t
Further company coverage: APPS.MC
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