JAB extends partial cash tender offer to 24 April 2019.
Global Banking News-April 22, 2019-JAB extends partial cash tender offer to 24 April 2019
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Consumer goods investment firm JAB announced on Friday that its affiliate has extended the offering period of its tender offer for up to 150m additional shares of Coty Inc (NYSE:COTY) Class A common stock at a price of USD11.65 per share in cash.
The tender offer is now scheduled to expire at 17:00, New York City time, on 24 April 2019, unless further extended or earlier terminated in accordance with the terms set forth in the Tender Offer Statement. The tender offer is being extended to coordinate with the anticipated timing of the one remaining regulatory approval in Russia.
As of 17:00, New York City time, on 18 April 2019, about 206,066,808 of Coty Inc shares had been validly tendered pursuant to the tender offer and not properly withdrawn and the notices of guaranteed delivery had been delivered for 145,969,978 shares.
Consummation of the tender offer remains subject to the conditions described in the Tender Offer Statement, including that there be validly tendered and not withdrawn at least 75,471,655 of Coty Inc shares and receipt of regulatory clearance in Russia.
Innisfree M&A Incorporated is acting as information agent for the tender offer.
((Distributed via M2 Communications - http://www.m2.com))
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|Publication:||Global Banking News (GBN)|
|Date:||Apr 22, 2019|
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