Mer Group to raise its public offer for Suunto Oyj's shares to eur 11.50
1999-11-08, 10:50
Amer Group Plc's Board of Directors has made a decision on 8 November 1999 to raise its public offer for Suunto Oyj's shares from EUR 10.00 to EUR 11.50 a share. A similar offer will be made to holders of Suunto's bonds with warrants. Amer's public offer period will commence on 25 October and expire on 19 November 1999.
The public offer is subject to that Amer obtains the unconditional and irrevocable acceptance of the public offer by shareholders and holders of the warrants representing more than 90 percent of the number of shares and voting rights of the outstanding shares in Suunto. Amer reserves the right to waive the condition referred here.
Amer will send each shareholder of Suunto registered in the shareholders' register of Suunto as of 8 November 1999 a notice of the raised public offer, including relevant acceptance forms and a return envelope. If the offer is accepted, those of Suunto's shareholders who have already accepted Amer's offer will also be paid EUR 11.50 a share. The approvals continue to be valid after the public offer has been raised and, as a result, these shareholders do not have to take any new measures.
AMER GROUP PLC
Communications Department
Marja-Leena Simola
Vice President, Communications
Tel. +358 9 7257 8306
Fax +358 9 791 385
E-mail: marja-leena.simola@amer.fi
For further information, please contact:
Mr Roger Talermo, President & CEO, Tel. +358 9 7257 8210
Mr. Pekka Paalanne, Senior Vice President & CFO, Tel. +358 9 7257 8212
The public offer is subject to that Amer obtains the unconditional and irrevocable acceptance of the public offer by shareholders and holders of the warrants representing more than 90 percent of the number of shares and voting rights of the outstanding shares in Suunto. Amer reserves the right to waive the condition referred here.
Amer will send each shareholder of Suunto registered in the shareholders' register of Suunto as of 8 November 1999 a notice of the raised public offer, including relevant acceptance forms and a return envelope. If the offer is accepted, those of Suunto's shareholders who have already accepted Amer's offer will also be paid EUR 11.50 a share. The approvals continue to be valid after the public offer has been raised and, as a result, these shareholders do not have to take any new measures.
AMER GROUP PLC
Communications Department
Marja-Leena Simola
Vice President, Communications
Tel. +358 9 7257 8306
Fax +358 9 791 385
E-mail: marja-leena.simola@amer.fi
For further information, please contact:
Mr Roger Talermo, President & CEO, Tel. +358 9 7257 8210
Mr. Pekka Paalanne, Senior Vice President & CFO, Tel. +358 9 7257 8212