Beter Bed soars as it agrees to offer valuing it at 168 mln euros

Beter Bed Holding NV

10/07/2023 09:14

** Shares in Dutch bedroom furnishing group Beter Bed
Holding  BETR.AS  jump 97% to 5.80 euros after it agrees to a
recommended all-cash offer of 6.10 euros per share from Torqx
Capital
    ** The offer, unanimously approved by Beter Bed's board,
represents a 107% premium to Friday's closing price of 2.95
euros and values the company at 168 million euros ($184 million)
   ** Torqx has financing in place, providing high deal
certainty, the companies say in a joint statement
   ** "This delivers immediate, certain and attractive value to
the shareholders of the Company" -statement
   ** The Beter Bed stock is on track for best day ever

($1 = 0.9129 euros)

 (Reporting by Victor Goury-Laffont)
 ((Victor.goury-laffont@tr.com))