Brief: Coral HoldCo Launches Mandatory Tender Offer For Atlantic Sapphire
BRIEF-Coral HoldCo Launches Mandatory Tender Offer For Atlantic Sapphire July 31 (Reuters) - Atlantic Sapphire ASA ASA.OL:
SAID ON THURSDAY AFTER TRANSFER OF SHARES IN ATLANTIC SAPPHIRE TO CORAL HOLDCO AS (THE "OFFEROR"), THE OFFEROR
BECOMES THE OWNER OF 22.3 MLN SHARES, EQUALING ABOUT 62.20% OF THE SHARES AND VOTES IN THE COMPANYTHE OFFEROR MAKES AN UNCONDITIONAL MANDATORY OFFER FOR ALL THE REMAINING 13,552,809 ISSUED AND OUTSTANDING SHARES IN THE COMPANY
OFFER PRICE NOK 0.80 PER SHARE
ACCEPTANCE PERIOD COMMENCES ON JULY 31 AND EXPIRES ON AUG 28, UNLESS EXTENDED
Source text
Further company coverage: ASA.OL
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
Recent news on Atlantic Sapphire ASA
See all newsBrief: Coral HoldCo Acquires Remaining Atlantic Sapphire Shares
Brief: Atlantic Sapphire To Raise Additional Bridge Loan Tranche
Brief: Atlantic Sapphire Says CFO And Deputy CEO To Step Down At The End Of 2026
Brief: Atlantic Sapphire ASA Secures USD 20M Liquidity
Brief: Atlantic Sapphire To Borrow Additional $1.5 Mln Under Bridge Loan