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SCA to Offer HKD 11.00/Share for Vinda

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SCA has decided to make a public cash offer for the Chinese tissue
company Vinda (OTC: VDAHY). The offer is conditional upon SCA achieving an ownership
share in…
SCA has decided to make a public cash offer for the Chinese tissue
company Vinda (OTC: VDAHY). The offer is conditional upon SCA achieving an ownership
share in Vinda in excess of 50%. SCA is currently the second largest
shareholder in Vinda, which is listed on the Hong Kong Exchange.

The offer will be Hong Kong Dollar (HKD) 11.00 per share, corresponding
to a premium of approximately 34.5%, based on the average closing price
over the past 30 trading days. The offer corresponds to a market
capitalization of approximately SEK 9.4bn for all shares in Vinda. SCA
became a part owner in the tissue manufacturer

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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