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BRIEF-Handicare Group AB Says Board Unanimously Recommends Shareholders Of Co To Accept Offer By Savaria

Published 2021-01-27, 04:52 p/m
© Reuters.

Jan 27 (Reuters) - Handicare Group AB HANDI.ST :

* STATEMENT FROM THE BOARD OF HANDICARE GROUP AB IN RELATION TO THE PUBLIC CASH OFFER BY SAVARIA (SWEDEN) AB

* BOARD OF DIRECTORS CONSIDERS THAT IMMEDIATE REWARDS OF OFFER REFLECT HANDICARE'S LONG-TERM FUTURE PROSPECTS

* BOARD OF HANDICARE UNANIMOUSLY RECOMMENDS SHAREHOLDERS OF HANDICARE TO ACCEPT OFFER BY SAVARIA

* HANDICARE - SAVARIA HAS BEEN PERMITTED TO CARRY OUT A CONFIRMATORY DUE DILIGENCE REVIEW OF HANDICARE IN CONNECTION WITH PREPARATION OF OFFER

* SAVARIA HAS COMMUNICATED THAT BID PRICE IS FINAL AND WILL NOT BE INCREASED

* HANDICARE- SAVARIA HAS RECEIVED CERTAIN PRELIMINARY FINANCIAL INFORMATION CONCERNING HANDICARE'S Q4 OF 2020 AND AN OUTLOOK FOR 2021

* HANDICARE GROUP - HANDICARE HAS RETAINED ROTHSCHILD & CO AS FINANCIAL ADVISER AND MANNHEIMER SWARTLING AS LEGAL ADVISER IN RELATION TO OFFER

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