The deadline for acceptance of the takeover bid launched by the funds I Squared y TDR On Applus, the only one that is up and running after the withdrawal of the start-up by Apollo, will begin tomorrow, Tuesday, and will be extended until June 4thas reported this Monday by the National Securities Market Commission (CNMV). The period to attend the offer made by I Squared and TDR through the company Amber It begins once the first of the announcements established in the regulations on takeover bids is published on Monday.
Ad includes the new conditions of the offer presented by Amber following the improvement introduced in the envelope phase. Apollo, which had formulated its takeover bid through the company Manzana Spain Bidco, withdrew last week, so only Amber’s offer remains. According to the CNMV, it will be understood that they adhere to the Amber’s modified offer (12.78 euros per share) all declarations of acceptance received for the initial offer prior to its improvement, unless expressly declared otherwise.
Multiple acceptances will be attributed to Amber’s offer, both those in which its takeover bid was the first option and those in which it was second behind Apollo’s takeover bid. Amber’s offer will be void if it fails to obtain the offer. a minimum acceptance of 50% of Applus’ capitalunless the I Squared and TDR funds waive that condition of the takeover bid.
Source: www.lainformacion.com
