Brief: SAF-Holland Announces Recommended Cash Tender Offer To Shareholders Of Haldex
08/06/2022 06:14
June 8 (Reuters) - Saf-Holland Se SFQ.DE :
* SAF-HOLLAND ANNOUNCES A RECOMMENDED CASH TENDER OFFER TO
THE
SHAREHOLDERS OF HALDEX
* ANNOUNCES AN OFFER TO ALL SHAREHOLDERS OF HALDEX AB
* OFFER REPRESENTS A PREMIUM OF:46.5% TO CLOSING PRICE OF
SEK
45.05 OF HALDEX SHARES ON NASDAQ STOCKHOLM ON 7 JUNE 2022, LAST
TRADING DAY BEFORE ANNOUNCEMENT OF OFFER
* BOARD OF DIRECTORS OF HALDEX UNANIMOUSLY RECOMMENDS THAT
SHAREHOLDERS OF HALDEX ACCEPT OFFER
* ACCEPTANCE PERIOD IS EXPECTED TO COMMENCE AROUND 4 JULY
2022 AND
END AROUND 16 AUGUST 2022
* SAF-HOLLAND OFFERS SEK 66 IN CASH PER SHARE IN HALDEX
* EXPECTS THAT COMBINATION WILL UNLOCK SIGNIFICANT SYNERGY
POTENTIAL OF MORE THAN EUR 10 MILLION P.A. ON A RUN-RATE BASIS
* TOTAL OFFER VALUE FOR ALL OUTSTANDING SHARES IN HALDEX
AMOUNTS
TO APPROXIMATELY SEK 3,209 MILLION
Source text for Eikon: ID:nMFN3JsltJ
Further company coverage: SFQ.DE
(Gdansk Newsroom)
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