Brief: Nyesa: Board Approves Framework Deal With Holder Of 58% Of IFFE Futura To Regulate Possible Takeover Bid

Nyesa Valores Corporacion

22/02/2021 07:18

Feb 22 (Reuters) - Nyesa Valores Corporacion SA  IBES.MC :
    * BOARD APPROVES FRAMEWORK DEAL WITH HOLDER OF 58% OF IFFE
FUTURA
TO REGULATE PROCESS OF POSSIBLE TAKE OVER BID FOR IFFE FUTURA
    * POSSIBLE VOLUNTARY TAKEOVER BID FOR IFFE FUTURA SUBJECT TO
SATISFACTORY COMPLETION OF DUE DILIGENCE PROCESS WITH DEADLINE
31 MARCH 2021
    * FORMALISATION OF VOLUNTARY TAKEOVER BID WILL BE SUBJECT TO
ACCEPTANCE OF BID BY AT LEAST 90% OF SHAREHOLDERS OF IFFE FUTURA
    * POSSIBLE TAKEOVER BID SUBJECT TO THE PRICE OF 2 EUROSPER
SHARE
    * PAYMENT WOULD BE MADE IN EXCHANGE FOR NEWLY ISSUED NYESA
SHARES,
WITH  0.015 EUROS PER SHARE

Source text: https://bit.ly/3bHGNOH
Further company coverage:  IBES.MC 

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