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Acando implements a recommended offer to buy shares in Connecta


Monday, 9 Jun 2014 02:00am EDT 

Acando AB:Implements a recommended offer to acquire all shares in Connecta AB.Offers 10 new B shares in Acando for every three shares in Connecta.Connecta's Board recommends accepting the offer to its shareholders.The acceptance period is expected to begin around June 16 and end around July 7.Based on a price for Acando B share of 13.85 Swedish crowns on June 5, the value of the offer represents about 46.17 crowns for a Connecta share.The total value of the offer amounts to about 480 million crowns. 

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