Today: October 17, 2017, 2:23 am
  
Business

Karo Pharma AB completes voluntary offer for Weifa ASA

PR-Inside.com: 2017-10-06 14:33:02

Karo Pharma AB ("Karo Pharma") has today successfully completed the voluntary offer for Weifa ASA ("Weifa"). Payment of the offer price is being made today to the Weifa shareholders who accepted the voluntary offer and the cash consideration will be available on such shareholders' registered bank accounts in the VPS on or around 9 October 2017. At the same time, 35,453,352 tendered shares are being transferred to Karo Pharma. As a result Karo Pharma now holds 97.21% of the shares and voting rights in Weifa.

Karo Pharma intends to effect a compulsory acquisition of the remaining shares in Weifa at a price equal to the offer price of NOK 35 per share as soon as possible. A separate announcement will be released once the compulsory acquisition has been resolved in accordance with the Norwegian Securities Trading Act section 6-22 cf. the Norwegian Public Limited Companies Act Section 4-25.

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




# 306 Words
Related Articles
More From The Author
Etherparty Beta Goes Live with Three Real [..]
Smart contracts creator officially launches first testable version of platform to pre-registered users VANCOUVER, British Columbia, [..]
Former Chatham House Council Member and Former [..]
Today, CEO of Tradermind Limited, Alpesh Patel, former Council Member of Chatham House (the Royal Institute of International Affairs) [..]
Invitation to AND's Capital Markets Day 2017
Capelle aan den IJssel, the Netherlands - 6 October 2017 - AND International Publishers NV is pleased to invite interested [..]
CapMan Buyout to divest Oral Hammaslääkärit to [..]
CapMan Buyout press release     6 October 2017 at 11.00 a.m. EEST CapMan Buyout to divest Oral Hammaslääkärit to Colosseum [..]
ObserveIT Closes Second-Consecutive Record-Breaking Quarter; [..]
ObserveIT : According to Gartner, “many DLP deployments struggle to move beyond simple data monitoring and limited data protection [..]
 
More From Business
Winter is Coming So ‘Batten Down the [..]
As the warning from the wildly popular series, Game of Thrones says, “Winter is coming” and it is a good [..]
Buro Seating Introduces Mentor Chairs in Australia
Buro Seating, a leading wholesaler of quality ergonomic seating in Australia, is launching the Mentor chair this month. This [..]
World's Largest Electronics Marketplace Opens in Hong [..]
HONG KONG, Oct 13, 2017 - (ACN Newswire) - The 37th HKTDC Hong Kong Electronics Fair (Autumn Edition), organised by [..]
Harvard Risk Management Corporation Legal Shield Plans
Harvard Risk Management Corporation is the largest benefit broker for legal and identity theft plans in the US. We approach [..]
Bluelime achieves RIBA and ARB status
It is with great pride that we can confirm Bluelime Home Design has been awarded Chartered Practice status by 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.