Samsung Biologics' Unit Publishes PolyPeptide Group Tender Offer Prospectus
MT Newswires Live
Yesterday
Samsung Biologics (KRX:207940) said its Switzerland-based unit, Samsung Peptide, has published the prospectus for its public tender offer for PolyPeptide Group, according to a Monday release.
The offer includes 44.31 Swiss francs in cash per PolyPeptide share, implying an equity value of about 1.46 billion francs, and represents a 40% premium to the unaffected share price.
The offer is expected to run between Sept. 15 and Oct. 12, subject to a minimum acceptance threshold, and the largest individual shareholder, Draupnir Holding, with about a 55.65% stake, has committed to tendering all its shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.