Brief: Project Grand Bidco Announces Tender Offer For All Shares In Purmo

Purmo Oyj

26/04/2024 08:44

April 26 (Reuters) - Purmo Group Oyj  PURMO.HE :
    * PROJECT GRAND BIDCO (UK) LIMITED ANNOUNCES A VOLUNTARY
RECOMMENDED PUBLIC CASH TENDER OFFER FOR ALL THE SHARES IN PURMO
GROUP PLC
    * OFFER PRICE FOR CLASS C SHARES IS EUR 9.91 IN CASH FOR
EACH
ISSUED CLASS C SHARE IN PURMO
    * PURMO'S LARGEST SHAREHOLDER, RETTIG, HAS IRREVOCABLY
UNDERTAKEN
TO SELL ALL ITS CLASS C SHARES, 61.8% OF ALL ISSUED AND
OUTSTANDING SHARES IN CO, TO OFFEROR
    * RETTIG'S UNDERTAKING AND IRREVOCABLE UNDERTAKINGS RECEIVED
FOR
CLASS C SHARES REPRESENT 87.6% OF ALL CLASS C SHARES IN CO
    * BOD OF PURMO HAS UNANIMOUSLY DECIDED TO RECOMMEND THAT
SHAREHOLDERS OF PURMO ACCEPT TENDER OFFER

Source text for Eikon:  ID:nMFN3gCwck 
Further company coverage:  PURMO.HE 

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