Brief: Sleep Cycle Board Unanimously Recommends Shareholders Not To Accept Public Cash Offer By Altor
22/05/2026 07:05
May 22 (Reuters) - Sleep Cycle AB (publ) SLEEP.ST: THE BOARD OF DIRECTORS OF SLEEP CYCLE UNANIMOUSLY RECOMMENDS THE SHAREHOLDERS NOT TO ACCEPT THE PUBLIC CASH OFFER BY ALTOR BOARD SAYS OFFER DOES NOT ADEQUATELY REFLECT COMPANY VALUE OFFER PRICE REPRESENTS 47% PREMIUM TO MAY 8, 2026 CLOSING PRICE OFFEROR OBTAINS IRREVOCABLE UNDERTAKINGS FROM HOLDERS OF 62.9% OF SLEEP CYCLE SHARES OFFER VALUES SLEEP CYCLE AT ABOUT SEK 497 MILLION Source text: ID:nMFNbLQzns Further company coverage: SLEEP.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com;))
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