Brief: Terveystalo Makes Mandatory Public Offer For Feelgood Svenska

Terveystalo Oyj

08/06/2021 06:11

June 8 (Reuters) - Terveystalo Oyj  TTALO.HE :
    * TERVEYSTALO HEALTHCARE OY HAS ACQUIRED 72.14% OF THE SHARES IN FEELGOOD SVENSKA AB (PUBL)
AND
MAKES RECOMMENDED MANDATORY PUBLIC OFFER OF SEK 5.70 PER SHARE
    * ENTERED INTO SHARE TRANSFER AGREEMENTS TO ACQUIRE 76,681,134 SHARES IN FEELGOOD SVENSKA AB
(PUBL), CORRESPONDING TO 72.14% OF ALL SHARES AND VOTES IN FEELGOOD
    * SHAREHOLDERS OF FEELGOOD ARE OFFERED SEK 5.70 (APPROXIMATELY EUR 0.566) IN CASH PER SHARE
IN
FEELGOOD
    * OFFER CONSIDERATION REPRESENTS A PREMIUM OF: 43 PERCENT COMPARED TO CLOSING PRICE OF SEK
3.98
FOR FEELGOOD'S SHARE ON NASDAQ STOCKHOLM ON 7 JUNE 2021, BEING LAST DAY OF TRADING BEFORE
ANNOUNCEMENT OF OFFER;
    * TOTAL VALUE OF OFFER, BASED ON ALL 106,290,371 SHARES IN FEELGOOD, AMOUNTS TO
APPROXIMATELY SEK
606 MILLION
    * ACCEPTANCE PERIOD IS EXPECTED TO END ON OR ABOUT 12 JULY 2021
    * TERVEYSTALO HEALTHCARE INTENDS TO PROMOTE A DELISTING OF FEELGOOD'S SHARES FROM NASDAQ
STOCKHOLM.
    * FEELGOOD'S INDEPENDENT BID COMMITTEE HAS CONFIRMED TO TERVEYSTALO HEALTHCARE THAT IT HAS
UNANIMOUSLY DECIDED TO RECOMMEND THAT FEELGOOD'S SHAREHOLDERS ACCEPT OFFER
    * COMPLETION OF OFFER IS NOT SUBJECT TO ANY CONDITIONS
    * OFFER IS FULLY FINANCED VIA CO'S CASH FUNDS, DEBT FINANCING PROVIDED BY OP CORPORATE BANK
PLC

Source text for Eikon:  ID:nWkr8LFbmx 
Further company coverage:  TTALO.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))