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PPGN — PolyPeptide AG News Story

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Brief: Polypeptide Board Recommends Shareholders Accept Samsung Offer

BRIEF-Polypeptide Board Recommends Shareholders Accept Samsung Offer

- POLYPEPTIDE GROUP AG PPGN.S:

  • POLYPEPTIDE GROUP: SAMSUNG PEPTIDE AG PUBLISHES OFFER PROSPECTUS FOR PUBLIC TENDER OFFER FOR POLYPEPTIDE GROUP AG

  • BOARD UNANIMOUSLY RECOMMENDS SHAREHOLDERS ACCEPT OFFER

  • OFFER PRICE CHF 44.31 PER SHARE, EQUITY VALUE CHF 1.46 BILLION

  • OFFER PRICE REPRESENTS 40.0% PREMIUM TO LAST UNAFFECTED CLOSE, 11.6% PREMIUM TO 60-DAY VWAP

  • SAMSUNG PEPTIDE INTENDS TO INITIATE SQUEEZE-OUT AND DELIST POLYPEPTIDE SHARES FROM SIX

Source text: ID:nEQ6wYDqVa

Further company coverage: PPGN.S


(Gdansk Newsroom)

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