Brief: Exmar: Saverex To Launch Public Takeover Bid On Exmar NV

EXMAR NV

03/12/2024 07:57

Dec 3 (Reuters) - Exmar NV  EXMR.BR :
    * SAVEREX INTENDS TO LAUNCH A VOLUNTARY AND CONDITIONAL
PUBLIC
TAKEOVER BID ON EXMAR NV
    * BID FOR ALL SHARES OF EXMAR NOT ALREADY OWNED BY IT OR
PERSONS
AFFILIATED WITH IT
    * OFFER MADE IN CASH AT A PRICE OF EUR 11.50 PER SHARE
    * PRICE REPRESENTS 38.6% PREMIUM OF EXMAR'S CLOSING PRICE AS
AT
NOV 29, 2024
    * BOARD OF DIRECTORS OF EXMAR UNANIMOUSLY SUPPORTS AND
RECOMMENDS
BID
    * SAVEREX INTENDS TO LAUNCH SQUEEZE-OUT BID IF IT WILL HOLD
AT
LEAST 95% OF EXMAR'S SHARES AFTER OFFER

        
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 Further company coverage:  EXMR.BR  

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