Statement from the Board of Handicare Group AB in relation to the public cash offer by Savaria (Sweden) AB
Conclusion The Board of Handicare unanimously recommends the shareholders of Handicare to accept the offer by Savaria. “Based on an assessment of Handicare’s present position, the expected future development of the company as well as related opportunities and risks, the Board of Directors considers that the immediate rewards of the offer reflect Handicare's long-term future prospects. Therefore, the Board has decided to unanimously recommend the offer. In addition, the Board also recognizes that the major owner Nordic Capital Fund VII, being a long-term shareholder in Handicare with