Brief: Novestra buys all outstanding shares in Strax through non-cash issue

Strax AB

24/03/2016 07:32

March 24 (Reuters) - Novestra AB  NOVE.ST : 
    * Has entered into agreement to acquire all outstanding shares in Strax through non-cash 
issue 
    * Acquisition is proposed to take place via non-cash issue of a total of 80.6 million new 
shares in Novestra to value of about 583.5 million Swedish crowns ($70.48 million) 
    * Board proposes Novestra's holding in WeSC to be distributed to company's existing 
shareholders through dividend in kind 
 
     
Source text for Eikon:  urn:newsml:reuters.com:*:nWkrcw4059 
     
Further company coverage:  NOVE.ST  
 
($1 = 8.2786 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))