Dec 18 (Reuters) - Ortivus AB ORTIb.ST:
THE INDEPENDENT BID COMMITTEE OF ORTIVUS UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS DO NOT ACCEPT THE MANDATORY CASH OFFER SUBMITTED BY PONDERUS INVEST AB
OFFER VALUES ORTIVUS SHARES AT SEK 108.1 MILLION
OFFER PRICE REPRESENTS 18% PREMIUM OVER ORTIVUS B SHARE AVERAGE
VALUATION STATEMENT: OFFER NOT FAIR FOR ORTIVUS SHAREHOLDERS
BID COMMITTEE CONCLUDES THAT TERMS OF OFFER DO NOT REFLECT ORTIVUS' LONG-TERM GROWTH POTENTIAL
Source text: ID:nMFN8BNb1q
Further company coverage: [ORTIb.ST]
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