M&A Activity • Dec 12, 2024
M&A Activity
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Ad hoc announcement pursuant to Art. 53 LR
Cicor Technologies Ltd / Key word(s): Tender Offer
OEP 80 B.V. published the offer prospectus for the announced mandatory offer
12-Dec-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Ad hoc announcement pursuant to Art. 53 LR
Bronschhofen, December 12, 2024 – Cicor Group (SIX Swiss Exchange: CICN) announces today that OEP 80 B.V. (OEP) published the offer prospectus for the announced mandatory offer for all the shares of Cicor Technologies Ltd. held in the public.
OEP needs to publish an offer after it converted its Mandatory Convertible Bonds (MCNs) and thereby crossed the mandatory offer threshold. The offer price amounts to CHF 55.17 per share, which represents the minimum price. On the day of the pre-announcement, this was 7.12% below the last closing price at SIX. The prospectus is available online: https://cicor-offer.ch . The offer is expected to settle on February 28, 2025.
Cicor has formed a committee of the independent board members to assess the offer. IFBC has provided a fairness opinion and determined a fair price range of between CHF 92.02 and CHF 121.45 per share. The offer price is substantially below this range. The board therefore came to the conclusion not to recommend the offer. The detailed reasoning is contained in the board report which may be downloaded from https://cicor.com/oep-tender-offer .
Contact
Cicor Management AG
Gebenloostrasse 15
CH-9552 Bronschhofen
Media & Investor Relations
Phone +41 71 913 73 00
Email: [email protected]
The Cicor Group is a globally active provider of full-cycle electronic solutions from research and development to manufacturing and supply chain management. Cicor’s approximately 3,350 employees at 20 locations are serving leaders from the medical, industrial and aerospace & defence industries. Cicor creates value to its customers through the combination of customer-specific development solutions, high-tech components, as well as electronic device manufacturing. The shares of Cicor Technologies Ltd. are traded at the SIX Swiss Exchange (CICN). For further information, please visit the website www.cicor.com .
End of Inside Information
| Language: | English |
| Company: | Cicor Technologies Ltd |
| c/o Cicor Management AG, Gebenloostraße 15 | |
| 9552 Bronschhofen | |
| Switzerland | |
| Phone: | +41719137300 |
| Fax: | +41719137301 |
| E-mail: | [email protected] |
| Internet: | www.cicor.com |
| ISIN: | CH0008702190 |
| Valor: | 870219 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 2049377 |
| End of Announcement | EQS News Service |
2049377 12-Dec-2024 CET/CEST
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