Brief: Mehiläinen Yhtiöt Announces Recommended Cash Tender Offer For All Shares In Pihlajalinna

Pihlajalinna Oyj

05/11/2019 06:30

Nov 5 (Reuters) - Pihlajalinna Oyj  PIHLIS.HE :
    * MEHILÄINEN YHTIÖT OY ANNOUNCES A RECOMMENDED CASH TENDER
OFFER
FOR ALL SHARES IN PIHLAJALINNA PLC
    * MEHILÄINEN YHTIÖT OY SAYS OFFER PRICE IS EUR 16.00 IN CASH
FOR
EACH ISSUED AND OUTSTANDING SHARE IN PIHLAJALINNA
    * MEHILÄINEN YHTIÖT - OFFER PERIOD UNDER TENDER OFFER IS
EXPECTED
TO COMMENCE ON OR ABOUT 9 JANUARY 2020 AND TO EXPIRE ON OR ABOUT
19 MARCH 2020
    * MEHILÄINEN YHTIÖT - TENDER OFFER IS CURRENTLY EXPECTED TO
BE
COMPLETED TOWARDS END OF Q2 OF 2020 OR AT LATEST DURING Q3 OF
2020
    * MEHILÄINEN YHTIÖT - OFFER PRICE REPRESENTS A PREMIUM OF
APPROXIMATELY 46.0% COMPARED TO CLOSING PRICE (EUR 10.96) OF
PIHLAJALINNA SHARE ON OFFICIAL LIST OF NASDAQ HELSINKI ON 4
NOVEMBER 2019
    * MEHILÄINEN YHTIÖT OY - NON-CONFLICTED MEMBERS OF BOARD OF
DIRECTORS OF PIHLAJALINNA HAVE UNANIMOUSLY DECIDED TO RECOMMEND
THAT SHAREHOLDERS OF PIHLAJALINNA ACCEPT TENDER OFFER
    * MEHILÄINEN YHTIÖT  - MEHILÄINEN INTENDS TO INTEGRATE
PIHLAJALINNA INTO ITS OPERATIONS
    * MEHILÄINEN YHTIÖT OY - TOTAL AGGREGATE CONSIDERATION
PAYABLE BY
OFFEROR WOULD EQUAL EUR 361,922,160
    * MEHILÄINEN YHTIÖT - INTENDS TO CHANGE COMPOSITION OF BOARD
OF
DIRECTORS OF PIHLAJALINNA AS SOON AS PRACTICALLY POSSIBLE AFTER
COMPLETION OF TENDER OFFER

Source text for Eikon:  ID:nHSU87Nd 
Further company coverage:  PIHLIS.HE 

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