Crayfish BidCo Issues Tender Offer to Acquire Caverion Ahares Upon FCCA Approval.

MANews-(C)2009-2023

Finland-based limited liability company Crayfish BidCo Oy has published the following information through a stock exchange release, the company said.

On 10 January 2023, Crayfish BidCo Oy, indirectly controlled by the entities comprising Triton Fund V, announced a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corp that are not held by Caverion or any of its subsidiaries.

The Offeror has published a tender offer document, dated 7 March 2023, concerning the Tender Offer and supplements to the tender offer document, dated 14 March 2023, 4 April 2023, 13 April 2023, 9 May 2023, 25 May 2023, 16 June 2023, 27 July 2023, 7 August 2023, 5 September 2023 and 4 October 2023.

The acceptance period under the Tender Offer commenced on 8 March 2023 at 9:30 a.m. (Finnish time) and will expire on 1 November 2023 at 4:00 p.m. (Finnish time), unless the Offer period is extended further or discontinued in accordance with and subject to the terms and conditions of the Tender Offer and applicable laws and regulations.

The Offeror has entered into conditional share purchases whereby it has agreed to purchase 51,928,029 Shares in aggregate (representing in total approximately 37.89% of all outstanding shares in Caverion (excluding treasury shares)) from Security Trading Oy, Hisra Consulting and Finance Oy, Antti Herlin, Fennogens Investments S.A., Corbis S.A., Varma Mutual Pension Insurance company, Ilmarinen Mutual Pension Insurance company and Elo Mutual Pension Insurance company against cash consideration not exceeding the Offer Price.

Together with the Offeror's current shareholding, the Shares to be acquired under the Conditional Share Purchases represent approximately 67.77 % of all outstanding shares...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT