Brief: Intervest Offices & Warehouses Announces Public Tender Offer By TPG

Intervest Offices & Warehouses NV

17/10/2023 17:33

Oct 17 (Reuters) - Intervest Offices & Warehouses NV
 PRIF.BR :
    * INTERVEST ANNOUNCES A CONDITIONAL VOLUNTARY PUBLIC TENDER
OFFER
ON ALL ITS OUTSTANDING SHARES BY TPG
    * OFFER AT A PRICE OF €21.00 PER SHARE IN CASH PROVIDES
SHAREHOLDERS WITH IMMEDIATE VALUE, REPRESENTING A 52.2% PREMIUM
OVER THE CLOSING PRICE ON 5 OCTOBER 2023
    * INTERVEST’S SUPERVISORY BOARD AND MANAGEMENT BOARD
UNANIMOUSLY
SUPPORT AND RECOMMEND THE OFFER AND BELIEVE IT IS IN THE BEST
INTEREST OF ALL STAKEHOLDERS
    * WITH SUPPORT OF TPG, INTERVEST WILL BE MORE RESILIENT AND
BENEFIT FROM A SUPPORTIVE SHAREHOLDER GRANTING ACCESS TO
ADDITIONAL RESOURCES TO EXECUTE ON ITS STRATEGIC PLAN AND
ACHIEVE LONG-TERM AND SUSTAINABLE GROWTH

Source text for Eikon:  ID:nGNE3JzxxG 
Further company coverage:  PRIF.BR 

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