Brief: Bondalti Iberica Launches Take Over Bid For Ercros At 3.6 Eur/Shr

Ercros SA

05/03/2024 07:05

March 5 (Reuters) - Bondalti: 
    * BONDALTI IBERICA, LODGES A TAKE OVER BID ON ERCROS AT 3.6 EUROS PER SHARE
    * OFFER IS 3.6 EUROS PER SHARE, WHICH REPRESENTS A PREMIUM OF 40.6% OVER THE SHARE PRICE.
PRICE AT
MARKET CLOSE YESTERDAY (2.56 EUROS)
    * THIS TRANSACTION INVOLVES TOTAL OFFER VALUE OF APPROXIMATELY EUR 329 MILLION
    * OFFER IS CONDITIONAL ON ACHIEVING ACCEPTANCE OF MORE THAN 75% OF CAPITAL AND OBTAINING ALL
RELEVANT REGULATORY AND GOVERNMENT AUTHORIZATIONS
    * BONDALTI'S OBJECTIVE, ONCE OPERATION IS COMPLETED IS TO PROMOTE EXCLUSION FROM NEGOTIATION
OF
THE ERCROS SHARES FROM THE STOCK EXCHANGES

Source text for Eikon:  ID:nCNM6kz87r 
Further company coverage:  ECR.MC 

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