BRIEF-Encavis Management And Supervisory Board Recommend Acceptance Of Kkr Voluntary Public Takeover Offer-March 2024-www.financetom.com

BRIEF-Encavis Management And Supervisory Board Recommend Acceptance Of Kkr Voluntary Public Takeover Offer

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BRIEF-Encavis Management And Supervisory Board Recommend Acceptance Of Kkr Voluntary Public Takeover Offer

May 2, 2024 1:07 AM

May 2 (Reuters) - ENCAVIS AG:

* ENCAVIS AG MANAGEMENT BOARD AND SUPERVISORY BOARD

RECOMMEND THE

ACCEPTANCE OF THE VOLUNTARY PUBLIC TAKEOVER OFFER BY KKR

* OFFER PRICE OF EUR 17.50 PER SHARE CONSIDERED TO BE FAIR,

ADEQUATE AND ATTRACTIVE

* MANAGEMENT BOARD AND SUPERVISORY BOARD SUPPORT STRATEGIC

PARTNERSHIP AND RECOMMEND SHAREHOLDERS TO ACCEPT OFFER

* CLOSING OF TRANSACTION IS EXPECTED IN Q4 2024

* ACCEPTANCE PERIOD WILL END ON 29 MAY 2024, 24:00 CEST

Source text for Eikon:

Further company coverage:

(Gdansk Newsroom)

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