Competition authorities approve Cardo acquisition
(Thomson Reuters ONE) -
This press release is not and must not, directly or indirectly, be distributed
or made public in Australia, Canada, Japan, New Zealand or South Africa. The
offer is not being made to persons in those jurisdictions or elsewhere where
their participation requires further offer documents, filings or other measures
in addition to those required by Swedish laws.
March 10, 2011
No 08/11
ASSA ABLOY has received clearances from the relevant competition authorities to
acquire Cardo. ASSA ABLOY will hence complete the public offer as well as the
acquisition agreements with the larger shareholders in Cardo.
The shares to be acquired from the larger shareholders in Cardo and the shares
acquired by ASSA ABLOY on the market amount to 18,485,400 shares, representing
approximately 68.5 percent of the total number of shares and votes in Cardo.
The public offer for the remaining shares remains open until March 11, 2011.
Settlement is expected to commence on or around March 18, 2011.
This information is made public in accordance with the Securities Markets Act
and NASDAQ OMX Stockholm's takeover rules. The information in this press release
was submitted for publication on March 10, 2011, at 08:00 (CET).
For more information please contact:
Johan Molin, President and CEO, Tel: +46 8-506 485 42
Tomas Eliasson, CFO, Tel: +46 8-506 485 72
Important information regarding ASSA ABLOY AB's ("ASSA ABLOY") cash offer to the
shareholders of CARDO AB (publ) ("Cardo") (the "Offer")
This is a translation of the original Swedish language press release. In the
event of a dispute, the original Swedish wording shall prevail.
Offer Restrictions
The Offer is not being made to persons whose participation in the Offer requires
that an additional offer document is prepared or registration effected or that
any other measures are taken in addition to those required under Swedish law.
This press release and any related offer documentation are not being distributed
and must not be mailed or otherwise distributed or sent in or into any country
in which the distribution or offering would require any such additional measures
to be taken or would be in conflict with any law or regulation in such country -
any such action will not be permitted or sanctioned by ASSA ABLOY. Any purported
acceptance of the Offer resulting directly or indirectly from a violation of
these restrictions may be disregarded.
The Offer is not being made, directly or indirectly, by use of mail or any other
means or instrumentality (including, without limitation, facsimile transmission,
electronic mail, telex, telephone and the internet) in or into Australia,
Canada, Japan, New Zealand or South Africa, and the Offer cannot be accepted by
any such use, means, instrumentality or facility of, or from within Australia,
Canada, Japan, New Zealand or South Africa. Accordingly, this press release and
any related offer documentation are not being and should not be mailed or
otherwise distributed, forwarded or sent in or into Australia, Canada, Japan,
New Zealand or South Africa.
ASSA ABLOY will not deliver any consideration from the Offer into Australia,
Canada, Japan, New Zealand or South Africa.
This press release is not being, and must not be, sent to shareholders with
registered addresses in Australia, Canada, Japan, New Zealand or South Africa.
Banks, brokers, dealers and other nominees holding shares for persons in
Australia, Canada, Japan, New Zealand or South Africa must not forward this
press release or any other document received in connection with the Offer to
such persons.
Press release PDF:
http://hugin.info/1014/R/1495896/431567.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: ASSA ABLOY via Thomson Reuters ONE
[HUG#1495896]
Unternehmensinformation / Kurzprofil:
Datum: 10.03.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 52313
Anzahl Zeichen: 4796
contact information:
Town:
Stockholm
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 242 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Competition authorities approve Cardo acquisition"
steht unter der journalistisch-redaktionellen Verantwortung von
ASSA ABLOY (Nachricht senden)
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