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BRIEF-KKR & Co Inc - Acceptance Period For KKR'S Voluntary Public Takeover Offer For Encavis AG Commences
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BRIEF-KKR & Co Inc - Acceptance Period For KKR'S Voluntary Public Takeover Offer For Encavis AG Commences
Apr 24, 2024 3:09 AM

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)

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