Brief: Karnov BOD Recommends To Accept Public Offer From Greenoaks And Long Path

Karnov AB (publ)

03/05/2024 06:58

May 3 (Reuters) - Karnov Group AB (publ)  KARNO.ST :
    * UNANIMOUSLY RECOMMENDS SHAREHOLDERS TO ACCEPT PUBLIC OFFER
FROM
GREENOAKS AND LONG PATH
    * PUBLIC OFFER TO SHAREHOLDERS OF KARNOV TO TRANSFER ALL
ORDINARY
SHARES TO BIDCO AT A PRICE OF SEK 84 IN CASH PER SHARE
    * BIDCO OFFERS SEK 84 IN CASH FOR EACH ORDINARY SHARE IN
COMPANY
    * OFFER VALUES ALL 107,876,145 OUTSTANDING ORDINARY SHARES
IN
COMPANY AT SEK 9,062 MILLION
    * OFFERED PRICE PER ORDINARY SHARE REPRESENTS A PREMIUM OF
28%
COMPARED TO CLOSING SHARE PRICE OF SEK 65.7 ON MAY 2
    * ACCEPTANCE PERIOD FOR OFFER IS EXPECTED TO COMMENCE ON OR
AROUND
7 MAY 2024 AND EXPIRE ON OR AROUND 4 JUNE 2024

Source text for Eikon:  ID:nWkr66jTY1 
Further company coverage:  KARNO.ST 

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