Euronext launches unconditional offer for Oslo Bors VPS

Maria Nikolova

Euronext launches an unconditional offer at NOK 158 plus a fixed interest payment of NOK 3.21 per share for all shares in Oslo Børs VPS not already owned by Euronext.

Euronext NV (EPA:ENX) announces today that it has completed its confirmatory due diligence on Oslo Børs VPS and declares its offer unconditional. As a result, the offer will now be completed and Oslo Børs VPS shareholders who have tendered their shares in the Offer will receive an Offer Price of NOK 158 per share plus applicable interest payments.

The acceptance period of the Offer expires today at 18:00 Central European Time. Settlement of shares tendered under the Offer and agreed to be acquired is expected to occur by June 14, 2019. Euronext will communicate the result of the Offer and its expected total holding of Oslo Børs VPS shares next week.

As previously announced, in order to provide remaining Oslo Børs VPS shareholders an opportunity to tender their shares to Euronext on the same terms, Euronext today launches an unconditional offer at NOK 158 plus a fixed interest payment of NOK 3.21 per share for all issued and outstanding shares in Oslo Børs VPS not already owned by Euronext. This unconditional offer will be open for acceptance until June 28, 2019 at 18:30 Central European Time. Shareholders accepting this unconditional offer on or before June 7, 2019 will receive settlement on June 14, 2019.

Earlier in May, Euronext’s shareholders voted in favour of Euronext’s acquisition of up to 100% of Oslo Børs VPS’s capital during the General Meeting of Shareholders. The shareholders’ approval was the last major condition to complete the transaction, since most of the other condition precedents highlighted in Euronext’s offer document were already met, including the clearance received from the Norwegian Ministry of Finance. 

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