12/11/2018 7:55 AM The Board of Ahlsell AB confirms having received a cash offer of SEK 55 per share from Quimper AB
Quimper AB, a private limited liability company that has been or will be indirectly invested in by CVC Funds, this morning announced a public offer to the shareholders of Ahlsell AB (publ) to tender all shares in Ahlsell to Quimper at a price of SEK 55.00 in cash per share, while also stating that the price cannot be increased.
The independent directors of the board of directors of Ahlsell AB will, in accordance with regulations, announce its opinion regarding the offer no later than two weeks prior to the expiry of the acceptance period.
Short summary of the offer:
- Quimper offers SEK 55.00 in cash per Ahlsell share. The total value of the offer, based on the 326,723,864 shares in Ahlsell not directly or indirectly owned by Quimper, or closely related parties, amounts to approximately MSEK 17 970.
- The price offered for the shares represents a premium of 32.5% to the closing price for the shares on 10 December 2018 (the last day of trading prior to the announcement of the offer).
- Further information about the offer: www.quimperbidco.com
For further information, please contact:
Kenneth Bengtsson, Chair of Board Ahlsell AB publ.
Karin Larsson, Head of IR and external communications
+ 46 8 685 59 24, Karin.Larsson@ahlsell.se
This constitutes information that Ahlsell AB (publ) is legally obliged to publish according to the EU Market Abuse Regulation. The information was issued for publication through the agency of the contact person set out above, on 11 December 2018 at 08:55 CET.
Ahlsell is the Nordic region’s leading distributor of installation products, tools and supplies for installers, construction companies, facility managers, industrial and power companies and the public sector. The unique customer offer covers more than one million individual products and solutions. The Group has a turnover of just over BSEK 30 and is listed on Nasdaq Stockholm. About 97% of revenue is generated in the three main markets of Sweden, Norway and Finland. With about 5,800 employees, more than 230 branches and three central warehouses, we constantly fulfil our customer promise: Ahlsell makes it easier to be professional!
Press release, December 11, 2018