Brief: ACQ Bure To Merge With Yubico

Yubico AB

19/04/2023 06:07

April 19 (Reuters) - ACQ Bure AB  ACQSPAC.ST :
    * ACQ BURE AB IS MERGING WITH YUBICO AB: MERGED COMPANIES
INTEND
TO GO PUBLIC ON SWEDEN’S NASDAQ FIRST NORTH GROWTH MARKET
    * TRANSACTION VALUES YUBICO'S SHARES AT USD 800 MILLION,
CORRESPONDING TO SEK 8,293 MILLION
    * MERGER CONSIDERATION CONSISTS OF CASH AND NEWLY ISSUED
SHARES IN
ACQ
    * 58% OF CONSIDERATION WILL BE PAID IN SHARES AND 42% IN
CASH TO
HOLDERS OF SHARES OF YUBICO OUTSTANDING AT TIME OF REGISTRATION
OF MERGER
    * AN ELIGIBLE HOLDER OF SHARES IN YUBICO WILL RECEIVE 2.9
ACQ
SHARES AND SEK 208.0 IN CASH FOR EACH YUBICO SHARE HELD BY SUCH
SHAREHOLDER
    * UPON COMPLETION OF TRANSACTION, IT IS ESTIMATED THAT ACQ'S
CURRENT SHAREHOLDERS WILL HOLD APPROXIMATELY 40.3% 7  OF SHARES
AND VOTES IN COMBINED COMPANY
    * IN AGGREGATE, UP TO A TOTAL OF 51,759,560 ACQ SHARES WILL
BE
ISSUED AS MERGER CONSIDERATION
    * IN CONNECTION WITH TRANSACTION, ACQ INTENDS TO CHANGE ITS
LISTING VENUE FROM NASDAQ STOCKHOLM (MAIN MARKET) TO NASDAQ
FIRST NORTH GROWTH MARKET
    * TRANSACTION IS EXPECTED TO BE COMPLETED DURING Q3 2023.
    * BOARD OF DIRECTORS OF ACQ IS OF OPINION THAT TRANSACTION
IS
BENEFICIAL TO ACQ AND ITS SHAREHOLDERS
    * BOARD OF DIRECTORS 13  OF YUBICO IS OF OPINION THAT
TRANSACTION
IS BENEFICIAL TO YUBICO AND ITS SHAREHOLDERS
    * FIRST DAY OF TRADING IN COMBINED COMPANY'S SHARES ON
NASDAQ
FIRST NORTH GROWTH MARKET IS EXPECTED TO OCCUR DURING Q3 2023.

Source text for Eikon:  ID:nMFN3qbhdG 
Further company coverage:  ACQSPAC.ST 

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