Brief: Takeover Of Flat Capital's Portfolio Co Figma To Bring Yield Of 3x Book Value

Flat Capital AB (publ)

16/09/2022 07:21

Sept 16 (Reuters) - Flat Capital AB  FLATb.ST :
    * SAID ON THURSDAY IS EXPECTED TO BRING RETURN OF ABOUT 3
TIMES
LATEST BOOK VALUE OF HOLDING FROM TAKEOVER BID FOR ITS PORTFOLIO
COMPANY FIGMA INC 
    * FLAT CAPITAL'S PORTFOLIO COMPANY FIGMA INC. ANNOUNCED ON
THURSDAY A TAKEOVER BID FROM LISTED ADOBE INC
    * AT LATEST INTERIM REPORT (Q2 2022) CO'S HOLDING IN FIGMA
WAS
VALUED AT ABOUT SEK 3.2 MLN
    * ADOBE VALUES FIGMA AT ABOUT USD 20 BLN, CORRESPONDING TO
ABOUT
SEK 214 BLN
    * ACQUISITION IS INTENDED TO BE PAID FOR THROUGH SHARES AND
CASH
    * DEAL IS INTENDED TO BE COMPLETED IN 2023

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN18fwrk
 Further company coverage:  FLATb.ST  

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