Brief: Helios RE Launches Takeover Bid For Lar Espana At 8.10 Eur/Shr

HELIOS RE SOCIMI

12/07/2024 06:18

July 12 (Reuters) - Helios RE:
    * LAUNCHES TAKEOVER BID FOR LAR ESPANA REAL ESTATE AT 8.10
EUROS
PER SHARE
    * MAXIMUM TOTAL AMOUNT TO BE DISBURSED BY OFFEROR WILL BE
609.1
MILLION EUROS
    * OFFER REPRESENTS A PREMIUM OF 16% TO TRADING PRICE OF LAR
ESPANA
SHARES AT MARKET CLOSE ON THE TRADING SESSION IMMEDIATELY
PRECEDING DATE OF THIS ANNOUNCEMENT
    * CONSIDERATION WILL BE TOTALLY PAID IN CASH
    * OFFEROR HAS BINDING EQUITY COMMITMENTS FROM ITS DIRECT AND
INDIRECT SHAREHOLDERS AND FINANCING FROM BANKS TO PAY TOTAL
CONSIDERATION
    * ACCEPTANCE PERIOD TO BE 30 CALENDAR DAYS
    * OFFER IS NOT DELISTING OFFER

Source text for Workspace:  ID:nCNM3FRW8k 
Further company coverage:  LRES.MC 

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