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Sydbank — M&A Activity 2013
Dec 2, 2013
3387_rns_2013-12-02_a5feaba7-360b-49f6-b8f9-5b15a66a4cfd.pdf
M&A Activity
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Sydbank A/S / Miscellaneous
02.12.2013 14:30
Dissemination of a UK Regulatory Announcement, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------
Aabenraa, Denmark, 2013-12-02 14:30 CET (GLOBE NEWSWIRE) -- On 21 November 2013 Sydbank A/S ('Sydbank') published a tender offer document ('Tender Offer Document') regarding a voluntary recommended public tender offer to the shareholders of DiBa Bank A/S for the purchase of all shares in DiBa Bank A/S against a consideration in cash of DKK 145 per share of DKK 20 nominal ('Tender Offer').
According to item 3.7 of the Tender Offer Document, the Tender Offer is subject to a number of terms and conditions, for instance that Sydbank A/S obtains all necessary approvals and licenses from the relevant competition regulators.
On 2 December 2013 the Danish Competition and Consumer Authority approved the acquisition by Sydbank of up to 100% of the shares in DiBa Bank A/S whereby the above terms and conditions on approvals and licenses from the relevant competition regulators have been observed.
As previously mentioned the Tender Offer will expire on 19 December 2013 at 21.00 (local time) unless the tender period is extended.
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https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=452892
News Source: NASDAQ OMX
02.12.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: Company: |
English Sydbank A/S |
|---|---|
| Denmark | |
| Phone: | |
| Fax: | |
| E-mail: | |
| Internet: | |
| ISIN: | DK0010311471 |
| Category Code: | MSC |
| LSE Ticker: | 0G6U |
| Sequence Number: | 1792 |
| Time of Receipt: | Dec 02, 2013 14:29:52 |
End of Announcement DGAP News-Service