Merger between Bure and Skanditek
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The Extraordinary General Meetings (EGMs) of Bure Equity AB ("Bure") and Skanditek Industriförvaltning AB ("Skanditek") on 1 December 2009 decided that the companies shall merge. The new company will have an interesting investment portfolio with a balanced mix of listed, as well as unlisted, and smaller and medium sized companies. Bure and Skanditek have a common view on shareholder value creation by developing the portfolio companies through active ownership and board representation. All in all, the merger is viewed to be a natural step in the development of both companies, whereby the combined resources will make the company a stronger participant in the financial market. With a combined market value of approximately SEK 2.5 billion [1] and a tangible logic for the merger, the new group offers an attractive investment case.
- The two EGMs resolved to approve the merger plan regarding the merger between Bure and Skanditek. The merger will be implemented by Bure absorbing Skanditek. The exchange ratio has been set so that 4 shares in Skanditek give right to 3 new shares in Bure.
- In connection to the merger, the EGM of Bure resolved that a cash dividend shall be distributed to Bure's shareholders ihn the amount of SEK 9,50 per share.
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[1] Based on the companies' share prices as of October 13, 2009 deducted for the proposed dividend in Bure of approximately SEK 478 million and cancellation of Skanditek's holding in Bure.
Last update: 2010-04-23
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