Brief: Velvet Cichlid Announces Public Takeover Offer To Sleep Cycle Shareholders

Sleep Cycle AB (publ)

19/12/2022 11:46

Dec 19 (Reuters) - Sleep Cycle AB (publ)  SLEEP.ST :
    * VELVET CICHLID A COMPANY CONTROLLED BY A CONSORTIUM
CONSISTING
OF GLA INVEST SA, MCGA AB, H265 AB AND PETTER WALLIN, TODAY
ANNOUNCED A PUBLIC TAKEOVER OFFER TO SHAREHOLDERS OF SLEEP CYCLE
    * PUBLIC TAKEOVER OFFER TO SHAREHOLDERS OF SLEEP CYCLE TO
SELL ALL
SHARES IN SLEEP CYCLE TO BIDDER AT A PRICE OF SEK 42.50 IN CASH
PER SHARE
    * ACCEPTANCE PERIOD OF OFFER IS EXPECTED TO COMMENCE AROUND
20
DECEMBER 2022 AND EXPIRE AROUND 31 JANUARY 2023, SUBJECT TO ANY
EXTENSIONS
    * BOARD OF DIRECTORS WILL NOW EVALUATE OFFER AND ANNOUNCE
ITS
OPINION REGARDING OFFER NO LATER THAN TWO WEEKS BEFORE END OF
ACCEPTANCE PERIOD

Source text for Eikon:  ID:nWkr8y4vfh 
Further company coverage:  SLEEP.ST 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))