Monday, December 30, 2024 12:30 pm
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Strategic Value Partners, through Coniferous Bidco, controls 82.84 percent of the capital and votes in the paper mill company Nordic Paper. This is announced in connection with the expiration of the extended acceptance period. The bidder is now giving shareholders another opportunity to accept the offer by extending the acceptance period one last time until January 8, according to a press release.
"We are grateful for the strong support shown for the offer, with approximately 83 percent of the shares in Nordic Paper tendered in the offer so far. This means that the liquidity of the remaining shares is significantly reduced as the free float is now significantly lower. To ensure that all shareholders who wish to accept the offer have the opportunity to do so, we have therefore decided to extend the acceptance period one last time", comments Alexandre Mignotte, Managing Director at SVP.
The offer is worth SEK 50 in cash per share. On Monday, the share closed at SEK 48.82.