Brief: Onni Bidco Oy Announces Voluntary Recommended Public Cash Tender Offer For All Shares In Innofactor

Innofactor Oyj

22/07/2024 07:10

July 22 (Reuters) - Innofactor Oyj  IFA1V.HE :
    * INSIDE INFORMATION: ONNI BIDCO OY ANNOUNCES A VOLUNTARY
RECOMMENDED PUBLIC CASH TENDER OFFER FOR ALL THE SHARES IN
INNOFACTOR PLC
    * SHAREHOLDERS OF INNOFACTOR (OTHER THAN INNOFACTOR OR ITS
SUBSIDIARIES) WILL BE OFFERED A CASH CONSIDERATION OF EUR 1.68
FOR EACH SHARE VALIDLY TENDERED IN TENDER OFFER
    * BOARD OF DIRECTORS OF INNOFACTOR  HAS UNANIMOUSLY DECIDED
TO
RECOMMEND THAT SHAREHOLDERS OF INNOFACTOR ACCEPT TENDER OFFER
    * OFFER PRICE REPRESENTS A PREMIUM OF APPROXIMATELY 49.3
PERCENT
COMPARED TO CLOSING PRICE OF EUR 1.125 OF SHARE ON NASDAQ
HELSINKI ON JULY 19, 2024
    * OFFER VALUES INNOFACTOR'S TOTAL EQUITY AT APPROXIMATELY
EUR 60.1
MILLION

Source text for Eikon:  ID:nGNE7wrXK3 
Further company coverage:  IFA1V.HE 

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