Brief: DNV Announces Public Cash Tender Offer For All Shares, Stock Options In Nixu

Nixu Oyj

16/02/2023 06:50

Feb 16 (Reuters) - Nixu Oyj  NIXU.HE :
    * INSIDE INFORMATION: DNV ANNOUNCES A VOLUNTARY RECOMMENDED
PUBLIC
CASH TENDER OFFER FOR ALL SHARES AND STOCK OPTIONS IN NIXU
    * COMBINATION AGREEMENT ("COMBINATION AGREEMENT") PURSUANT
TO
WHICH DNV WILL MAKE TENDER OFFER FOR ALL OF SHARES AND STOCK
OPTIONS
    * DNV OFFERS EUR 13.00 IN CASH FOR EACH SHARE VALIDLY
TENDERED IN
TENDER OFFER,
    * TOTAL EQUITY VALUE OF TENDER OFFER IS APPROXIMATELY EUR 98
MILLION
    * SHARE OFFER PRICE REPRESENTS A PREMIUM OF:67.1 PERCENT
COMPARED
TO EUR 7.78, CLOSING PRICE OF SHARE ON NASDAQ HELSINKI
    * OFFER PERIOD IS EXPECTED TO COMMENCE ON OR ABOUT FEBRUARY
28,
2023, AND TO EXPIRE ON OR ABOUT APRIL 17, 2023
    * DNV IS AN INDEPENDENT ASSURANCE AND RISK MANAGEMENT
PROVIDER
OPERATING IN MORE THAN 100 COUNTRIES
    * TENDER OFFER IS CURRENTLY EXPECTED TO BE COMPLETED DURING
Q2 OF
2023

Source text for Eikon:  ID:nWkr883Sj7 
Further company coverage:  NIXU.HE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))