All conditions in Ratos offer to the shareholders of HL Display have been fulfilled
(Thomson Reuters ONE) -
This information is disclosed in accordance with the Securities Markets Act and
NASDAQ OMX Stockholm's rules regarding public offers on the stock market.
This press release may not be distributed, directly or indirectly, in or into,
the United States of America, Australia, Canada, New Zealand, Switzerland, South
Africa or Japan. The Offer is not being made to (and acceptances will not be
accepted from) persons in those countries or elsewhere where their participation
requires further offer documents, filings or other measures in addition to those
required by Swedish law.
Ratos acquisition of HL Display has been approved by relevant competition
authorities. Consequently, the offer is declared unconditional and Ratos will
complete the offer to the shareholders of HL Display in accordance with the
previously announced timetable. Ratos will also complete the acquisition of the
shares purchased from the Remius family.
Ratos announced on 2 June 2010 an offer to the shareholders of HL Display in
accordance with the mandatory bid rules to acquire all outstanding shares for a
cash consideration of SEK 49 per share. The offer was conditional upon approval
by relevant competition authorities. Ratos has now received such approvals and
all conditions for the offer have been fulfilled. Consequently, Ratos will
complete the offer in accordance with the previously announced timetable. As the
offer now is unconditional, shareholders that have accepted the offer or will
accept the offer, are not entitled to withdraw acceptances.
The ordinary acceptance period will continue to run up to and including 13
August 2010. For the shareholders in HL Display that accepts the offer till
then, settlement is expected to commence on 20 August 2010.
The outcome of the offer, including final amount of shares tendered, is expected
to be announced on 16 August 2010.
As set out in the offer document, Ratos reserves the right to extend the
acceptance period and postpone the settlement date. Any extension of the
acceptance period will not delay settlement in respect of those that have
accepted the offer during the ordinary acceptance period.
Stockholm 20 July 2010
Ratos AB
The Board of Directors
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Emma Rheborg, Head of Corporate Communications and IR Ratos, +46 733 80 22 63
Financial calendar from Ratos:
Interim Report January - June 2010 20 August 2010
Interim Report January - September 2010 4 November 2010
Ratos is a listed private equity company. The business concept is to maximise
shareholder value over time by investing in, developing and divesting primarily
unlisted companies. Ratos offers investors a unique investment opportunity.
Ratos's equity is approximately SEK 15 billion and has a market capitalisation
of approximately SEK 31 billion. Ratos's holdings include AH Industries,
Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro,
Hafa Bathroom Group, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC, Medisize,
SB Seating, Superfos and Other holdings.
[HUG#1432892]
Press release (PDF): http://hugin.info/1180/R/1432892/378871.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ratos via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 20.07.2010 - 16:11 Uhr
Sprache: Deutsch
News-ID 24184
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contact information:
Town:
Stockholm
Kategorie:
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"All conditions in Ratos offer to the shareholders of HL Display have been fulfilled"
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