Brief: Montana Bidco Announces Recommended Public Cash Offer Of EUR 6.30 Per Share For Nordic Lights Group

Nordic Lights Oyj

28/02/2023 07:14

Feb 28 (Reuters) - Nordic Lights Group Oyj  NORDLIG.HE :
    * MONTANA BIDCO OY ANNOUNCES A RECOMMENDED PUBLIC CASH OFFER
OF
EUR 6.30 PER SHARE TO SHAREHOLDERS OF NORDIC LIGHTS GROUP
CORPORATION
    * ON FEBRUARY 28, 2023, METHODE AND NORDIC LIGHTS ENTERED
INTO A
COMBINATION AGREEMENT
    * SHAREHOLDERS OF NORDIC LIGHTS ARE OFFERED EUR 6.30 IN CASH
FOR
EACH VALIDLY TENDERED SHARE IN NORDIC LIGHTS
    * OFFER IS CURRENTLY EXPECTED TO BE COMPLETED DURING Q2 OF
2023
    * SHAREHOLDERS WITH 56.5% OF ALL SHARES IN CO HAVE
IRREVOCABLY
UNDERTAKEN TO ACCEPT OFFER
    * BOARD HAS UNANIMOUSLY AGREED TO RECOMMEND THAT
SHAREHOLDERS OF
NORDIC LIGHTS ACCEPT OFFER


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