The Board of Mercell Holding ASA unanimously recommends a contemplated voluntary cash offer from Spring Cayman Bidco, LLC to acquire all shares of Mercell Holding ASA
The Board of Mercell Holding ASA has unanimously resolved that it will recommend a contemplated voluntary cash offer from Spring Cayman Bidco, LLC to acquire all shares of Mercell Holding ASA. The Offer is a result of a strategic process conducted by the Board of Mercell Holding ASA in consultation with ABG Sundal Collier ASA and JP Morgan.
Oslo, 25 May 2022
The Board (the “Board”) of Mercell Holding ASA (“Mercell”) today announces an agreement with Spring Cayman Bidco, LLC (the “Offeror”) whereby the Offeror (through an affiliated Norwegian company to be incorporated) on certain terms and conditions will put forward a voluntary cash offer (the “Offer”) to acquire 100% of the shares of Mercell at an offer price of NOK 6.30 per share (the “Offer Price”).
The Offer Price represents a premium of:
• 110% above the Mercell shares closing price of NOK 3.005 on Oslo Børs on 24 May 2022;
• 120% above the volume weighted average price (“VWAP”) of the Mercell shares for the three-month period ending on 24 May 2022; and
• 58% above the VWAP of the Mercell shares for the six-month period ending on 24 May 2022.
https://newsweb.oslobors.no/message/563269
Huhut piti paikkansa. Kohtuullinen preemio nykyiseen, mutta menee vieläkin hieman halvalla pidemmän aikavälin näkymillä 