Brief: Kontron And Bsquare Announce Successful Completion Of Tender Offer

Bsquare

07/12/2023 13:36

Dec 7 (Reuters) - BSQUARE CORP  BSQR.O :
    * KONTRON AND BSQUARE ANNOUNCE SUCCESSFUL COMPLETION OF
TENDER
OFFER
    * SAYS PARTIES EXPECT TO CONSUMMATE MERGER ON OR ABOUT
DECEMBER 7,
2023. IN CONNECTION WITH MERGER, REMAINING OUTSTANDING SHARES
WILL BE CONVERTED INTO RIGHT TO RECEIVE $1.90 PER SHARE, NET TO
SELLER IN CASH, WITHOUT INTEREST AND LESS ANY APPLICABLE
WITHHOLDING TAXES (WHICH IS SAME AMOUNT PER SHARE PAID IN OFFER)
    * SAYS AS A RESULT OF OFFER AND MERGER, BSQUARE WILL BECOME
A
WHOLLY-OWNED, INDIRECT SUBSIDIARY OF KONTRON AND BSQUARE COMMON
STOCK WILL CEASE TRADING ON NASDAQ

Source text for Eikon:  ID:nPnWXPfza 
Further company coverage:  BSQR.O 

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