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New Deal


Announced

Amasten to merge with SSM in a $65m deal.

Financials

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Transaction Value£49m
Consideration TypeOrdinary Shares
Capital Owned29%
Capital Bid For71%
EV/Sales4x
EV/EBITDA-
Share Price Premium8.9%
One Off Charge-

Tags

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Acquisition

Majority

Domestic

property developer

Merger

Friendly

Real Estate Holding and Development

Pending

Sweden

Public

Single Bidder

Synopsis

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Amasten, a real estate holding and development company, offered to merge with SSM, a property developer, in a $65m deal. The independent board members in SSM unanimously recommend the shareholders in SSM to accept the public offer from Amasten. The independent board members consider that the benefits of accepting the offer outweigh the fact that the offer is not fully deemed to reflect the company’s long-term value potential.

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