trending Market Intelligence /marketintelligence/en/news-insights/trending/DCEfaTmJs2lWbnjjdmtQ5g2 content esgSubNav
In This List

Catena extends offer to acquire Klockarbäcken Property

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Catena extends offer to acquire Klockarbäcken Property

Catena AB extended the acceptance period for its offer to acquire Klockarbäcken Property Investment AB to Nov. 8.

At the end of the initial acceptance period on Oct. 17, the offer was accepted by shareholders representing 895,569 shares, reflecting roughly 67.8% of the total number of shares and votes in Klockarbäcken.

According to a release, the relationship between the companies' shares implies a bid value of 112.88 Swedish kronor per share in Klockarbäcken, based on the closing price for shares in Catena on Oct. 18, higher than the Oct. 2 bid value of 110 kronor per share.

As of Oct. 17, US$1 was equivalent to 8.16 Swedish kronor.