Brief: Swedish FSA says forbids Gravity4's bid for Tradedoubler
22/05/2015 12:30
May 22 (Reuters) - Tradedoubler AB TRAD.ST
* Swedish FSA says forbids buyout offer for Tradedoubler
* Swedish FSA says according to the Stock Market (Takeover
Bids) Act, the bidder should in connection with the announcement
of a takeover bid, notify the Swedish FSA regarding the offer
and the undertaking to the stock exchange to comply with the
takeover regulation applicable on the regulated market.
* Swedish FSA says in the announcement on May 20th 2015 no
such undertaking was made to the stock exchange. Therefore the
Swedish FSA prohibits the takeover bid
* FSA says the issue regarding an eventual penalty fee will
be handled ina separate case
* Says regardless of the above mentioned Gravity4 Inc. still
holds the opportunity, under the precondition that the bidder
complies with the Swedish takeover regulation, to submit a new
takeover offer for shares in TradeDoubler AB
Link to decision: [http://www.fi.se/upload/43_Utredningar/40_Skrivelser/2015/gravity4inc_15-7614.pdf
]
Further company coverage: TRAD.ST
((johannes.hellstrom@thomsonreuters.com;))