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Jyske Bank — M&A Activity 2018
Jun 7, 2018
3370_iss_2018-06-07_9fdc0407-86cc-4247-81a3-5d6ee67aed51.html
M&A Activity
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Cancellation of conditional, voluntary offer to acquire all outstanding shares of Nordjyske Bank
Cancellation of conditional, voluntary offer to acquire all outstanding shares of Nordjyske Bank
Cancellation of conditional, voluntary offer to acquire all outstanding shares of Nordjyske Bank
On 6 April 2018, Jyske Bank submitted a conditional, voluntary offer to acquire all outstanding shares of Nordjyske Bank ("the Offer"). According to section 7.5, item 5 of the published offer document it is a condition for the implementation of the Offer that Nordjyske Bank does not, prior to its execution, decide to enter into a merger.
At today's general meeting of Nordjyske Bank it was resolved to implement a merger between Nordjyske Bank and Ringkjøbing Landbobank.
On this background, the Offer has been cancelled and abandoned and any pre-approval and acceptance of the Offer are hence without legal effect.
Yours faithfully,
Jyske Bank
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