Brief: Norvik Announces Cash Offer For Bergs Timber

Bergs Timber AB (publ)

27/10/2023 06:41

Oct 27 (Reuters) - Bergs Timber AB (publ)  BRGb.ST :
    * ANNOUNCES RECOMMENDED PUBLIC CASH OFFER OF SEK 44.50 PER
SHARE
TO THE SHAREHOLDERS OF BERGS TIMBER
    * NORVIK IS BERGS’ LARGEST SHAREHOLDER, OWNING 58.67 PER
CENT OF
OUTSTANDING SHARES
    * OFFER VALUES TOTAL NUMBER OF SHARES IN BERGS TO ABOUT SEK
1.54
BILLION
    * ACCEPTANCE PERIOD FOR OFFER IS EXPECTED TO COMMENCE ON OR
ABOUT
1 NOVEMBER 2023 AND EXPIRE ON OR ABOUT 29 NOVEMBER 2023
    * BERGS’ BOARD OF DIRECTORS HAS RESOLVED TO RECOMMEND
SHAREHOLDERS
OF BERGS TO ACCEPT OFFER

Source text: https://mfn.se/a/kivron/norvik-announces-a-recommended-public-cash-offer-of-sek-44-50-per-share-to-the-shareholders-of-bergs-timber-ab-publ
Further company coverage:  BRGb.ST 

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