MultiQ set for best day ever on buyout offer
10/01/2022 08:15
** Shares in Sweden's MultiQ MULQ.ST rise 62%, set for
their best day ever, after a public tender offer from Vertiseit
VERTb.ST urn:newsml:reuters.com:*:nFWN2TP016
** Vertiseit offers three mutually exclusive alternatives as
consideration, with the cash consideration alternative valuing
the stock at about SEK 197 million ($21.71 million)
** Three of largest shareholders in MultiQ have made binding
commitments on acceptance of offer corresponding to 46.6% of all
shares and votes in the company
** About 1.9 million shares of the company have traded so
far today, about 1,452.2% of their 30-day moving average
full-day volume
** Vertiseit stock falls 4%
($1 = 9.0751 Swedish crowns)
(Reporting by Jagoda Darlak)
((jagoda.darlak@tr.com))