Brief: Bure Equity Announces Public Cash Offer Of SEK 13.50/Shr To Shareholders Of Allgon

Bure Equity AB

22/12/2020 07:47

Dec 22 (Reuters) - Bure Equity AB  BURE.ST :
    * BURE EQUITY AB (PUBL) ANNOUNCES A PUBLIC CASH OFFER OF SEK
13.50
PER SHARE TO THE SHAREHOLDERS OF ALLGON AB (PUBL)
    * ANNOUNCES A PUBLIC CASH OFFER TO SHAREHOLDERS OF ALLGON AB
(PUBL) TO TENDER ALL THEIR SHARES IN ALLGON TO BURE AT A PRICE
OF SEK 13.50 IN CASH PER SHARE
    * TOTAL VALUE OF OFFER AMOUNTS TO APPROXIMATELY SEK 759
MILLION
    * OFFER REPRESENTS A PREMIUM OF APPROXIMATELY: * 63.8%
COMPARED TO
CLOSING PRICE OF SEK 8.24 ON FIRST NORTH ON 11 DECEMBER
    * OFFER IS FULLY FINANCED BY BURE'S AVAILABLE CASH ON HAND.
    * ACCEPTANCE PERIOD FOR OFFER IS EXPECTED TO COMMENCE ON OR
ABOUT
11 JANUARY 2021 AND EXPIRE ON OR ABOUT 1 FEBRUARY 2021
    * BURE WILL ACT IN FURTHERANCE OF A DELISTING OF ALLGON
SHARES
FROM FIRST NORTH
    * BURE IS OF VIEW THAT ALLGON, AS A PRODUCT-OWNING QUALITY
COMPANY
FITS WELL INTO COMPANY'S PORTFOLIO
    * FULLY SUPPORTS ALLGON'S GLOBAL STRATEGY WITH FOCUS ON
DEVELOPMENT OF NEW TECHNOLOGY
    * DOES NOT CURRENTLY HAVE ANY INTENTIONS TO IMPLEMENT MAJOR
CHANGES, AND NO DECISIONS HAVE BEEN MADE, WITH REGARD TO
ALLGON'S STRATEGIC PLANS

Source text for Eikon:  ID:nMFNbJ74q 
Further company coverage:  BURE.ST 

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