Brief: Stille Has Entered Into An Agreement To Acquire Fehling Instruments

Stille AB

29/11/2023 24:24

Nov 28 (Reuters) - Stille AB  STLL.ST :
    * STILLE HAS ENTERED INTO AN AGREEMENT TO ACQUIRE FEHLING
INSTRUMENTS
    * ACQUISITION IS CONDITIONAL UPON CORECEIVING FINANCING TO
CARRY
OUT ACQUISITION AND THUS INTENDS TO RESOLVE ON A DIRECTED ISSUE
OF SHARES
    * FEHLING TO BECOME A PART OF STILLE'S SURGICAL INSTRUMENTS
BUSINESS UNIT
    * ENTERED INTO AGREEMENT TO ACQUIRE ALL SHARES OUTSTANDING
OF
FEHLING FOR CONSIDERATION OF EUR 36 MILLION ON A CASH- AND
DEBT-FREE BASIS
    * GERALD FEHLING, CEO OF FEHLING, WILL RETAIN HIS POSITION,
AND BE
A PART OF STILLE'S EXECUTIVE MANAGEMENT TEAM.
    * FOLLOWING THE ACQUISITION, STILLE'S EARNINGS PER SHARE IS
EXPECTED TO SIGNIFICANTLY INCREASE

Source text for Eikon:  ID:nWkr264FT3 
Further company coverage:  STLL.ST 

 ((Reuters.Briefs@thomsonreuters.com;))