Corrected: BRIEF-Efecte: Matrix42 Announces Voluntary Recommended Public Cash Tender Offer For Company

Efecte Oyj

18/01/2024 07:43

(Removes extraneous words)
       Jan 18 (Reuters) - Efecte Oyj  EFECTE.HE :
    * MATRIX42 ANNOUNCES A VOLUNTARY RECOMMENDED PUBLIC CASH
TENDER
OFFER FOR ALL OUTSTANDING SHARES AND STOCK OPTIONS IN EFECTE
    * MATRIX42 IS PORTFOLIO COMPANY OF CORTEN CAPITAL, ACTING
THROUGH
EUROPEAN 24 BIDCO OY 
    * OFFER PRICE REPRESENTS PREMIUM OF ABOUT 90.8% VERSUS
CLOSING
PRICE (EUR 7.86) OF SHARE ON NASDAQ FIRST NORTH ON JAN 17 
    * SHARE OFFER PRICE UNDER TENDER OFFER IS EUR 15.00 IN CASH
FOR
EACH SHARE VALIDLY TENDERED IN TENDER OFFER 
    * TENDER OFFER VALUES EFECTE'S TOTAL EQUITY AT APPROXIMATELY
EUR
100 MILLION (DISREGARDING 5,882 SHARES HELD IN TREASURY BY
EFECTE) 
    * BOARD OF DIRECTORS OF EFECTE UNANIMOUSLY DECIDED TO
RECOMMEND
THAT SHAREHOLDERS OF EFECTE AND HOLDERS OF STOCK OPTIONS ACCEPT
OFFER 
    * OFFER PERIOD UNDER TENDER OFFER IS EXPECTED TO COMMENCE ON
OR
ABOUT JAN 30, 2024, AND TO EXPIRE ON OR ABOUT MARCH 5, 2024 
    * SHAREHOLDERS OF EFECTE WILL BE OFFERED A CASH
CONSIDERATION OF
EUR 15.00 FOR EACH SHARE VALIDLY TENDERED IN TENDER OFFER
    * BOD OF EFECTE HAS UNANIMOUSLY DECIDED TO RECOMMEND THAT
SHAREHOLDERS OF EFECTE AND HOLDERS OF STOCK OPTIONS ACCEPT
TENDER OFFER

Source text for Eikon:  ID:nInd10mQm1 
Further company coverage:  EFECTE.HE 

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