Edition:
United Kingdom

CGI Announces Recommended Cash Offer To Shareholders Of Acando


Monday, 11 Mar 2019 

March 11 (Reuters) - Acando AB ::CGI ANNOUNCES A RECOMMENDED CASH OFFER TO SHAREHOLDERS OF ACANDO <<>>.CGI NORDIC OFFERS SEK 41.45 IN CASH PER SHARE IN ACANDO.CGI SAYS TOTAL OFFER VALUE FOR ALL OUTSTANDING SHARES IN ACANDO AMOUNTS TO APPROXIMATELY SEK 4,320 MILLION.BOARD OF DIRECTORS OF ACANDO UNANIMOUSLY RECOMMENDS THAT ACANDO'S SHAREHOLDERS ACCEPT OFFER.CGI SAYS ACCEPTANCE PERIOD IS EXPECTED TO COMMENCE AROUND MARCH 18, 2019 AND END AROUND APRIL 15, 2019.CGI - BOARD OF DIRECTORS OF ACANDO UNANIMOUSLY RECOMMENDS THAT ACANDO'S SHAREHOLDERS ACCEPT THE OFFER.CGI SAYS WILL NEITHER INCREASE OFFER PRICE NOR PURCHASE ANY ACANDO SHARES AT PRICE EXCEEDING OFFER PRICE DURING OFFER OR FOLLOWING COMPLETION OF OFFER.CGI SAYS SHAREHOLDERS WITH IN AGGREGATE 22.28 PERCENT OF SHARES IN ACANDO HAVE AGREED TO SELL THEIR SHARES IN ACANDO TO CGI NORDIC.CGI SAYS HAS IMMEDIATELY PRIOR TO ANNOUNCEMENT OF OFFER ENTERED INTO SHARE PURCHASE AGREEMENTS WITH SVEDULF FASTIGHETS AB, BJURSUND INVEST AB AND SVOLDER AB TO ACQUIRE IN TOTAL 23.6 MILLION SHARES IN ACANDO. 

Company Quote

41.45
-0.05 -0.12%
25 Apr 2019