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Hexagon AB announces a recommended unconditional cash offer for Veripos Inc


Friday, 20 Dec 2013 02:56am EST 

Hexagon AB:Says it decided to present to the shareholders of Veripos, an unconditional cash offer of 37 Norwegian crowns per share (the offer price) for all outstanding shares of Veripos Inc.Says the Board of Directors of Veripos has notified Hexagon that they will recommend the offer and issue a statement with such recommendation in a separate stock exchange notice.Says currently owns 9,092,490 shares in Veripos, representing 27.4 percent of the outstanding shares of Veripos.Says has received pre- acceptances for the Offer from shareholders holding an additional 853,569 shares, representing 2.6 percent of the outstanding shares of Veripos.Says the offer will be unconditional.Says the acceptance period for the Offer will be at least four weeks.Says settlement in Norwegian crowns will take place as soon as possible and no later than 14 days after the expiry of the acceptance period.Says the settlement will be fully guaranteed by one or more financial institutions as required by Norwegian law for mandatory takeover offers.Says SEB Corporate Finance is acting as financial adviser related to Hexagon.