Announced
Financials
Tags
Acquisition
Majority
Domestic
property developer
Merger
Friendly
Real Estate Holding and Development
Pending
Sweden
Public
Single Bidder
Synopsis
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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