Today: February 22, 2018, 11:14 pm
  
Business

Final result of the voluntary offer for Weifa ASA

PR-Inside.com: 2017-10-05 17:03:01

Following final registration of acceptances, the final acceptance level in Karo Pharma AB's ("Karo Pharma") voluntary offer ("Voluntary Offer") to acquire all shares in Weifa ASA ("Weifa") is 35,463,139 shares representing 97.23% of the total shares in Weifa on a fully diluted basis. 

It is expected that the settlement of the Voluntary Offer will take place on or about 6 October 2017 and that the cash consideration will be available on the accepting Weifa shareholders' registered bank accounts in the VPS on or about 9 October 2017.

Upon settlement of the Voluntary Offer, Karo Pharma will hold more than 90% of all the shares in Weifa. Karo Pharma intends to initiate a compulsory acquisition of the remaining outstanding shares of Weifa at a price equal to the offer price of NOK 35 per share, and to propose that Weifa applies for a delisting of its shares from Oslo Børs.

For further information, please contact:

Peter Blom, CEO of Karo Pharma, +46 070-655 56 98 or peter.blom@karopharma.se
 
Simen Nyberg-Hansen, CFO of Weifa: +47 9820 6355, or simen.nyberg-hansen@weifa.no



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Weifa ASA via Globenewswire




# 311 Words
Related Articles
More From The Author
ATWOOD OCEANICS, INC. SHAREHOLDERS APPROVE MERGER
FOR IMMEDIATE RELEASE HOUSTON, October 5, 2017-- Atwood Oceanics, Inc.  (NYSE: ATW) today announced that Atwood shareholders have [..]
EDHEC welcomes Fidelity's announcement on the introduction [..]
Fidelity International's announcement on October 3 that it was implementing a fee scheme that aims to adapt fees to performance [..]
Teva Announces tomy’s Award Winner at Oncology [..]
Teva Pharmaceuticals Europe BV, (NYSE and TASE: TEVA) announced the winner of the tomy’s (Teva’s Orphan hematological Malignancies [..]
Winter Business with Yourtyres.co.uk: Make the Most [..]
For car companies and tyre dealers, the autumn changeover season is one of the best times of year for generating [..]
Invitation to a presentation of the Momentum [..]
Momentum Group will publish its Interim Report for the second quarter of the financial year 2017/18 on Friday, 27 October [..]
 
More From Business
Buy Olympic Bars for Powerlifting, Weightlifting & [..]
Established in 1942, the Australian Barbell Company is Australia’s leading specialist manufacturer and supplier of weight lifting [..]
Buyers Agency Albion Avenue Has Great Options [..]
Real estate experts say the property market in Sydney and Melbourne peaked in 2017 and judging by recent auction and [..]
The Secret of Truedek’s Strength
An article in a business magazine in the 1970’s gave an example of the difference between Government and Private Enterprise. [..]
New Asbestos Legislation Deadline April 2018
In 2015 a new health and safety legislation came into effect, calling all PCBUs (Person Conducting Business or Undertaking) to [..]
Smart & Practical – Kohler Introduces Torsion [..]
Kohler Australia has introduced the latest European designed Torsion Shower doors that are both practical and beautiful. The [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.