IT service company Innofactorista made a purchase offer Good luck Bidco -buyer consortium has received approvals for its purchase offer according to the preliminary results, corresponding to 81.14 percent of Innofactor’s entire share capital.
The buyer consortium includes Innofactor’s CEO, founder and major owner Sami Ensio, Capmanin capital fund as well as Osprey Capital. The buyer consortium intends to implement the purchase offer, even if the minimum acceptance requirement is not met.
One of the conditions of the purchase offer had been that the consortium could acquire more than 90 percent of Innofactor’s shares with the purchase offer. Ownership of more than 90 percent enables the redemption procedure to be started in a listed company. In the redemption procedure, the remaining shares are redeemed from the minority owners, after which the company can be removed from the stock exchange list.
The offer period for the purchase offer started on August 5 and ended yesterday, September 16. The store has already received the necessary official approvals.
The buyer consortium plans to start the post-bid period on Thursday, September 19 and continue until October 3. The consortium estimates that it will pay the offer consideration to the owners who accepted the offer by October 10 at the latest.
The final result of the purchase offer will be announced on Thursday, September 19.
Correction: Corrected to the case on 17.9.2024 at 19:11, the amount of ownership that the consortium initially took over was 81.14 percent. The 51.25 percent read earlier in the story only applied to shares acquired in the takeover bid. In addition, the consortium has acquired shares before the offer period or otherwise than with a purchase offer.
Source: www.arvopaperi.fi
