Brief: Onni Bidco Announces Cash Tender Offer For Innofactor

Innofactor Oyj

22/07/2024 07:32

July 22 (Reuters) - Innofactor Oyj  IFA1V.HE :
    * INSIDE INFORMATION: ONNI BIDCO OY ANNOUNCES A VOLUNTARY
RECOMMENDED PUBLIC CASH TENDER OFFER FOR ALL THE SHARES IN
INNOFACTOR PLC
    * SHAREHOLDERS OF INNOFACTOR WILL BE OFFERED CASH
CONSIDERATION OF
EUR 1.68 FOR EACH SHARE VALIDLY TENDERED IN TENDER OFFER
    * OFFER PRICE REPRESENTS PREMIUM OF ABOUT 49.3% VERSUS
CLOSING
PRICE OF EUR 1.125 OF SHARE ON NASDAQ HELSINKI ON JULY 19
    * TENDER OFFER VALUES INNOFACTOR'S TOTAL EQUITY AT
APPROXIMATELY
EUR 60.1 MILLION.

Source text for Eikon:  ID:nHSUdxqG 
Further company coverage:  IFA1V.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))