Eniro makes cash offer for SOL - becomes the largest in search services in the Nordic region
Eniro AB (publ) ("ENIRO" or "the Company") today makes a cash offer ("the Offer") to the shareholders of the largest portal network in the Nordic region, Scandinavia Online AB (publ) ("SOL"). By the acquisition of SOL, Eniro becomes the leading directory and search company in the Nordic region, both offline and online.
Press conference today Tuesday at 10.30 CET at Operaterassen in Stockholm and at 3 CET in Oslo at Gjerdrums vei 11Telephone conference at 10.30 CET on +46-8-500 525 41 Eniro offers SEK 11.50 in cash for each share. The Offer represents a premium of approximately 44 percent in relation to the last closing price of the SOL share on the Stockholm Stock Exchange during the last trading day prior to the announcement of the Offer. The Board of SOL unanimously recommends the shareholders to accept the Offer from Eniro. The main shareholders accept. Shareholders representing 75.9 percent of the shares and votes in SOL have undertaken to irrevocably accept Eniro's Offer. Acceptance period. The acceptance period is expected to last from November 26 through December 14 2001.