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Etteplan Oyj Announces Further Details on Ingman Group Oy Ab's Mandatory Bid


Monday, 9 Sep 2013 03:00am EDT 

Etteplan Oyj announced that the mandatory bid for the remaining shares in Etteplan (Mandatory Bid) by Ingman Group will commence on September 18, 2013 at 9.30 A.M. and will preliminarily end on October 9, 2013 at 4.00 P.M. (Finnish time). The cash consideration to be offered in the Mandatory Bid will be EUR 3.20 for each share in Etteplan. The Mandatory Bid is not dependent on reaching a certain ownership limit. Ingman Group will publish an offer document regarding the Mandatory Bid before the commencement of the offer period. Ingman Group will in the Mandatory Bid comply with the Recommendation regarding the procedures to be complied with in takeover bids issued by the Central Chamber of Commerce of Finland. Ingman Group reserves the opportunity to acquire shares in Etteplan outside of the Mandatory Bid at a price not exceeding the price offered in the Mandatory Bid. 

Company Quote

3.24
0.04 +1.25%
11 Jul 2014