April 24 (Reuters) - KKR & CO INC ( KKR ):
* OFFER PRICE OF EUR 17.50 PER SHARE IN CASH, REPRESENTING A
54%
PREMIUM TO THE CLOSING PRICE OF EUR 11.35 PER SHARE ON 5 MARCH
2024 AND A 33% PREMIUM TO THE UNDISTURBED 3-MONTH
VOLUME-WEIGHTED AVERAGE SHARE PRICE AS OF 5 MARCH 2024
* ACCEPTANCE PERIOD FOR KKR'S VOLUNTARY PUBLIC TAKEOVER
OFFER FOR
ENCAVIS AG COMMENCES
* MANAGEMENT BOARD AND SUPERVISORY BOARD OF ENCAVIS WELCOME
AND
SUPPORT THE OFFER AND INTEND TO RECOMMEND THAT SHAREHOLDERS
ACCEPT THE OFFER
* ACCEPTANCE PERIOD STARTS TODAY AND ENDS ON 29 MAY 2024
* CLOSING OF THE TRANSACTION IS EXPECTED IN Q4 2024
* POST-SETTLEMENT, BIDDER INTENDS TO DELIST ENCAVIS FROM THE
STOCK
EXCHANGE AS SOON AS LEGALLY AND PRACTICALLY POSSIBLE AFTER
CLOSING
Further company coverage:
(Gdansk Newsroom)