Brief: Paxman Makes Recommended Takeover Offer To Dignitana Shareholders
18/03/2025 07:05
March 18 (Reuters) - Paxman AB (publ) PAX.ST: PAXMAN IS MAKING A RECOMMENDED TAKEOVER OFFER TO DIGNITANA SHAREHOLDERS OFFER TO TRANSFER ALL SHARES ISSUED BY DIGNITANA TO PAXMAN, AGAINST CONSIDERATION OF 2,476,207 NEWLY ISSUED SHARES IN PAXMAN OFFER VALUES SHARES IN DIGNITANA AT ABOUT SEK 153.0 MILLION, CORRESPONDING TO SEK 1.90 PER SHARE IN DIGNITANA OFFER ENTAILS PREMIUM OF ABOUT 81.0% COMPARED TO CLOSING PRICE OF SEK 1.05 FOR DIGNITANA'S SHARE DIGNITANA'S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS DIGNITANA'S SHAREHOLDERS TO ACCEPT OFFER AGARTHA AB, WHICH CONTROLS APPROXIMATELY 29.8% , SUPPORTS AND HAS UNDERTAKEN TO ACCEPT OFFER. ACCEPTANCE PERIOD FOR OFFER IS EXPECTED TO COMMENCE ON OR AROUND 14 APRIL 2025 AND END ON OR AROUND 5 MAY 2025 Source text: ID:nMFN3tv2qs Further company coverage: PAX.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))