Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
Provider: Wright Reports
Provider: Reuters Investment Profile

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Svenska Cellulosa AB SCA to Make Offer for Vinda International Holdings Ltd

Sunday, 8 Sep 2013 06:09pm EDT 

Svenska Cellulosa AB SCA (SCA) announced that the Company has decided to make a public cash offer for the Chinese tissue company Vinda International Holdings Ltd. The offer is conditional upon SCA achieving an ownership share in Vinda in excess of 50%. SCA is as per September 9, 2013 the second largest shareholder in Vinda, and has a 21.7% holding in the company. The offer will be Hong Kong Dollar (HKD) 11.00 per share, corresponding to a premium of approximately 34.5%, based on the average closing price over the past 30 trading days. The offer corresponds to a market capitalization of approximately SEK 9.4 billion for all shares in Vinda. The complete prospectus for the offer is expected to be presented not later than September 30, which is the date on which the acceptance period will also commence. The transaction is expected to be finalized in the fourth quarter of 2013 and SCA will thereafter consolidate Vinda in its accounts. The intention is that Vinda will remain listed on the Hong Kong Exchange. 

Related Company News

Company Quote

-0.36 -3.01%
21 Nov 2014