Powerflute updates on recommended offer
Finnish packaging company Powerflute notes Nordic Packaging and Container (Finland) Holdings (Bidco) has received acceptances for about 152.3m of its shares, or about 51.1%, following its recommended offer.
Forestry & Paper
19,661.22
16:30 25/09/24
0.00%
0.00
FTSE AIM 100
3,528.04
15:45 15/11/24
n/a
n/a
FTSE AIM All-Share
728.67
15:45 15/11/24
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Powerflute Oyj (DI)
90.00p
12:00 12/12/16
2.27%
2.00p
Bidco, subject to receiving the necessary anti-trust clearances, intended to waive all other conditions to the offer, barring the acceptance condition.
Thus, given anti-trust clearances were expected to be received by Nov. 1, Bidco was revising its first closing date to Nov. 4.