Brief: Mehiläinen: Pihlajalinna Acquisition Review Delayed

Pihlajalinna Oyj

28/05/2020 08:24

May 28 (Reuters) - Mehiläinen Yhtiöt Oy:
    * FINNISH COMPETITION AND CONSUMER AUTHORITY EXTENDS TIME
LIMIT
FOR REVIEWING COMBINATION BETWEEN MEHILÄINEN YHTIÖT OY AND
PIHLAJALINNA PLC
    * FCCA HAS ON 27 MAY 2020 EXTENDED TIME LIMIT APPLICABLE TO
PHASE
II INVESTIGATION WITH RETROACTIVE EFFECT AS OF 20 MAY 2020
    * ACCORDING TO DECISION, 69 WORKING DAY STATUTORY REVIEW
PERIOD
FOR PHASE II INVESTIGATION HAS BEEN TEMPORARILY SUSPENDED AND
WILL NOT CONTINUE TO LAPSE UNTIL FCCA HAS DECIDED OTHERWISE
    * DEADLINE FOR CONCLUDING PHASE II INVESTIGATION, ORIGINALLY
24
JUNE 2020, WILL BE POSTPONED BY NUMBER OF DAYS DURING WHICH
REVIEW PERIOD HAS BEEN TEMPORARILY SUSPENDED
    * FCCA'S DECISION TO EXTEND TIME LIMIT CANNOT BE APPEALED
    * WILL ASSESS NEED FOR EXTENDING ACCEPTANCE PERIOD ONCE FCCA
HAS
REINSTATED REVIEW PERIOD
    * EXPECTS TO OBTAIN MERGER CONTROL CLEARANCE AND TO COMPLETE
TENDER OFFER DURING Q3 OF 2020

Source text for Eikon:  ID:nHSU8r1V 
Further company coverage:  PIHLIS.HE 

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