EUR 2.1 billion takeover bid for all Ahlstrom-Munksjö shares nearing completion - Global Paper Money

Click here for Pulp & Paper Radio International

The Paperitalo Library

The Paperitalo Library

White Papers/Downloads

PM 40 Companies

Cellulose Community

Paperitalo Resources

Paperitalo Supplier Directory

onlyPulpandPaperJobs.com

The Paperitalo Library

Inside PaperMoney

Paperitalo/Media Kit

Nip Impressions

Departments

Disconnected Comparisons

Insider Trading

Current News

Culture & Marketing

Corporate Finance

Labor & Union Actions

Major Expenditures

Market News of Note

Mergers & Acquisitions

Major Announcements

Operations Announcements

Facility Closures/Reductions

In Closing

Reference Library

AM Best Insurance News

Delaware Chancery Court

Fiduciary Developments

ICC News and Proceedings

Key Interest Rates

WTO News and Proceedings

Member Options

About Paper Money

EUR 2.1 billion takeover bid for all Ahlstrom-Munksjö shares nearing completion

FINLAND (From news reports) -- Fiber materials Ahlstrom-Munksjö's € 2.1 billion takeover is nearing completion.

Spa Holdings announced that it has received all regulatory approvals for a voluntary public cash tender offer for Ahlstrom-Munksjö shares.

US investment company Bain Capital announced as early as last September together with Ahlström Capital, Viknum and Belgrano Inversiones, a EUR 2.1 billion takeover bid for all Ahlstrom-Munksjö shares.

Ahlstrom-Munksjö was founded in 2017, when the Finnish Ahlstrom and its Swedish competitor Munksjö merged. The company's turnover last year was about 2.9 billion euros. The company has about 8,000 employees.

Ahlstrom-Munksjö has also been in public this year because it manufactures materials for face masks.

Bain Capital's holding in Ahlstrom-Munksjö would be 55% and it would be delisted. Today, members of the Ahlström family and other individual owners own about 65 percent of the company. Ahlström Invest would have a 36 percent share.

Spa Holdings is a joint consortium of all bidders.

Trade delayed, due to regulatory approvals stretched over the turn of the year during the initial bidding period. The tender offer was thus extended until 14 January.

The offer per share is EUR 18.10.

According to the press release, the execution of the tender offer is still conditional on the fulfillment of certain other conditions.

The buyer will announce the preliminary result of the offer on approximately 15 January and the final result on approximately 20 January.

Readers, please tell your suppliers that you read Paperitalo Publications

Related Articles:

European Commission Greenlights Smurfit Kappa Group and WestRock Merger

Western Forest Products completes sale of ownership interest in newly formed mid-island partnership

International Paper closes in on £5bn deal for London-listed DS Smith

Ahlstrom launches LeafSaver, an innovative solution for the collection and ambient temperature preservation of plants, fungi, insects, and parasites

Kimberly-Clark to sell PPE business to Ansell for $640 million

DS Smith extends deadline for takeover offer by Mondi

DS Smith completes acquisition of Bosis doo in Serbia

Jamestown Container Companies acquires Midwest Box Company

Greif Completes Acquisition of Ipackchem

ProAmpac Acquires UP Paper

Login and voice your opinion!

Our Sponsors

Copyright © and Trademark PaperMoney ® 2006-2024 All Rights Reserved

A Paperitalo Publication/The Home of your Prospects (TM)

Copyright Statement | Privacy Statement | Terms of Service

Powered by Bondware

News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: