Statement by the independent bid committee of Pagero in relation to the public offer from Avalara, Inc. of SEK 45 per share
The independent bid committee of the Board of Directors of Pagero unanimously recommends the shareholders of Pagero not to accept the public offer made by Avalara, Inc.Background This statement is made by the independent bid committee (the "Bid Committee") of the Board of Directors of Pagero Group AB (publ) ("Pagero" or the "Company") pursuant to section II.19 of the Takeover rules for certain trading platforms (the "Takeover Rules"). On 12 January 2024, Avalara, Inc.[1], acting through Loki BidCo AB[2], ("Avalara") announced a public offer to the shareholders of Pagero to acquire all