Musti soars on takeover offer from Sonae-led consortium
29/11/2023 10:45
** Shares in Finnish pet care retailer Musti MUSTI.HE soar
over 28% after it received an offer from a consortium led by
Portuguese food retailer Sonae YSO.LS to buy all its shares
** Shareholders of Musti will be offered a cash
consideration of 26 euros per share, which represents a 27.1%
premium to Tuesday's closing price, the company says
** The consortium comprises of Sonae, Musti Chairman Jeffrey
David, board member Johan Dettel and CEO David Rönnberg
** The consortium together holds 4.2% of the share capital
and votes in Musti
** The stock sits at the top of the Helsinki all-share index
.OMXHPI and is on track for best day since its listing in 2020
(Reporting by Elviira Luoma)
((Elviira.luoma@thomsonreuters.com))