Nordic Waterproofing
Nordic Waterproofing Holding AB’s board provides an update regarding mandatory offer
Following the mandatory offer to the shareholders of Nordic Waterproofing Holding AB (“Nordic Waterproofing”), submitted by the principal owner Kingspan Holdings (IRL) Limited (“Kingspan”) on October 10, 2023 (the “Offer”), Nordic Waterproofing’s board of directors (“the Board”) provides an update on its preparations.
Nordic Waterproofing has appointed Bank of America Europe Designated Activity Company, Stockholm Branch ("BofA Securities") to render a fairness opinion to the Board to support the Board in its evaluation of the Offer.
The acceptance period for the Offer commenced on November 23, 2023 and is expected to end on February 1, 2024. Consequently, and in accordance with the Swedish takeover rules, the Board will provide its recommendation to the shareholders of Nordic Waterproofing at least two weeks prior to the expiry of the acceptance period for the Offer.
As communicated on October 27, 2023, the Board has appointed Nordea Bank Abp, filial i Sverige as financial adviser and Setterwalls Advokatbyrå AB as legal adviser. The advisers are assisting the Board in its assessment of the Offer.
Datum | 2023-12-13, kl 08:30 |
Källa | MFN |