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Cision AB announces information regarding public offer from Blue Canyon Holdings


Friday, 21 Mar 2014 04:20am EDT 

Cision AB:Says Blue Canyon Holdings AB, controlled by GTCR Investment X AIV Ltd., announced on Feb. 14 by way of a press release, a recommended cash offer to shareholders of Cision.Offer was declared unconditional by way of a press release announced on March 18.Blue Canyon Holdings announced on March 20, by way of a press release, its decision to increase the offer from 52 Swedish crowns to 55.10 crown in cash per share.In its press release Blue Canyon Holdings made statement as a reference.Statement made by Blue Canyon Holdings has caused uncertainties about content of notice given by Cision to Blue Canyon Holdings.Cision confirms certain information regarding potential competing public offer from Meltwater Holdings B.V, including its indicative price to be at least 55 Swedish crowns per share in cash was given to Blue Canyon under confidentiality in accordance with transaction agreement.Information regarding a potential competing offer to be made by Meltwater Holdings was based on a written letter on March 14 from Meltwater Holdings to the board of Cision, including a request for access to confirmative due diligence process.After entering into a customary confidentiality agreement, such access has be granted. 

Company Quote

61.0
0.25 +0.41%
24 Jul 2014