April 12, 2018 / 4:38 PM / 8 days ago

BRIEF-Vastned Retail Issues Takeover Bid For All Shares In Vastned Retail Belgium

April 12 (Reuters) - VASTNED RETAIL BELGIUM NV:

* VASTNED RETAIL ISSUES FORMAL TAKEOVER BID OF €57.50 PER SHARE FOR ALL SHARES IN VASTNED RETAIL BELGIUM

* MINIMUM ACCEPTANCE THRESHOLD OF 90% OF THE FREE FLOAT

* ACCEPTANCE PERIOD EXPECTED TO RUN FROM 2 MAY 2018 THROUGH 1 JUNE 2018

* TAKEOVER BID WILL ONLY HAVE ONE ACCEPTANCE PERIOD, WITHOUT THE POSSIBILITY OF A VOLUNTARY REOPENING OF THE BID

* TAKEOVER BID AT € 57.50 PER SHARE

* TAKEOVER DOES NOT AFFECT EMPLOYMENT AT VASTNED RETAIL BELGIUM NOR DOES VASTNED RETAIL N.V. EXPECT ANY SUBSTANTIAL CHANGE IN THE STRATEGY OF VASTNED RETAIL BELGIUM Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below