Brief: Vastned Retail Issues Takeover Bid For All Shares In Vastned Retail Belgium

VastNed Retail NV

12/04/2018 17:36

April 12 (Reuters) - VASTNED RETAIL BELGIUM NV  VASTB.BR :
    * VASTNED RETAIL ISSUES FORMAL TAKEOVER BID OF €57.50 PER
SHARE
FOR ALL SHARES IN VASTNED RETAIL BELGIUM
    * MINIMUM ACCEPTANCE THRESHOLD OF 90% OF THE FREE FLOAT
    * ACCEPTANCE PERIOD EXPECTED TO RUN FROM 2 MAY 2018 THROUGH
1 JUNE
2018
    * TAKEOVER BID WILL ONLY HAVE ONE ACCEPTANCE PERIOD, WITHOUT
THE
POSSIBILITY OF A VOLUNTARY REOPENING OF THE BID
    * TAKEOVER BID AT € 57.50 PER SHARE
    * TAKEOVER DOES NOT AFFECT EMPLOYMENT AT VASTNED RETAIL
BELGIUM
NOR DOES VASTNED RETAIL N.V. EXPECT ANY SUBSTANTIAL CHANGE IN
THE STRATEGY OF VASTNED RETAIL BELGIUM

Source text for Eikon:  ID:nGNE6RW9JY 
Further company coverage:  VASTB.BR 

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