Höganäs board recommends revised takeover bid from H Intressenter
May 22, 2013
The board of Swedish powder maker Höganäs AB has recommended that all shareholders in Höganäs accept a revised offer from H Intressenter of SEK 325 per share in the company.
In February 2013 H Intressenter announced a public offer to the shareholders of Höganäs to sell their shares at SEK 310, however a revised figure of SEK 325 per share has now been offered. The acceptance period will run until June 20 2013.
The offer is conditional on, amongst other things, H Intressenter becoming the owner of more than 90% of the shares of Höganäs. H Intressenter has reserved the right to waive this and other completion conditions of the offer.
H Intressenter, which is jointly owned by Lindéngruppen and Foundation Asset Management Sweden, controls 34.4 % of the shares and 47.9 % of the votes of Höganäs.