Brief: Carasent Comments On EG's Intention To Launch Voluntary Cash Offer

Carasent ASA

29/04/2024 09:04

April 29 (Reuters) - Carasent ASA  CARAC.OL :
    * COMMENTS ON EG'S INTENTION TO LAUNCH VOLUNTARY CASH OFFER
    * CARASENT HAS LET EG KNOW THAT BOARD OF DIRECTORS WILL NOT
BE
ABLE TO RECOMMEND AN OFFER AT NOK 20 PER SHARE
    * THIS PRICE CLEARLY DOES NOT ATTRIBUTE ENOUGH VALUE TO
CARASENT'S
VALUE CREATION PLAN AND POTENTIAL SYNERGIES
    * HAS EXPRESSED THAT IT IS WILLING TO PERMIT EG TO CARRY OUT
DUE
DILIGENCE TO UNDERPIN A HIGHER VALUATION AND PRICE THAT COULD
FORM BASIS FOR A RECOMMENDED OFFER
    * CARASENT HAS ALSO RECEIVED EXPRESSIONS OF INTEREST FROM
SEVERAL
OTHER PARTIES IN A POTENTIAL TAKE-OVER BY WAY OF A VOLUNTARY
OFFER TO SHAREHOLDERS, NONE OF WHICH CONTAIN A PROPOSED PRICE
    * VITRUVIAN PARTNERS, WHO OWNS THROUGH SUBSIDIARY 16.6% OF
SHARES,
HAVE LET BOD KNOW IT IS NOT MINDED TO ACCEPT AN OFFER AT NOK 20
LEVEL

Source text for Eikon:  ID:nMFNbqdt6z 
Further company coverage:  CARAC.OL 

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