Brief: Aliaxis Intends To Make All-Cash Public Tender Offer For Uponor

Uponor Oyj

17/04/2023 07:34

April 17 (Reuters) - Uponor Oyj  UPONOR.HE :
    * ALIAXIS ANNOUNCES A NON-BINDING INTENTION TO MAKE AN ALL-CASH PUBLIC TENDER OFFER FOR
UPONOR
CORPORATION
    * INDICATIVE OFFER PRICE OF POTENTIAL OFFER WOULD VALUE UPONOR AT EUR 25.00 IN CASH PER EACH
ISSUED AND OUTSTANDING SHARE IN UPONOR
    * ALIAXIS INITIALLY APPROACHED UPONOR IN RELATION TO A POTENTIAL OFFER IN MAY 2022 AND
ATTEMPTED
TO NEGOTIATE A POTENTIAL TENDER OFFER
    * OFFER PRICE REPRESENTS 44.6% PREMIUM COMPARED TO CLOSING PRICE (EUR 17.29) OF UPONOR SHARE
ON 14
APRIL 2023
    * COMPLETION OF ALIAXIS OFFER SUBJECT TO, AMONG OTHERS, ACCEPTANCE THRESHOLD OF MORE THAN
60% OF
OUTSTANDING SHARES IN UPONOR

Source text for Eikon:  ID:nHSUcKVz 
Further company coverage:  UPONOR.HE 

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