AcadeMedia’s bid committee recommends the shareholders not to accept Providence’s offer of SEK 190 per share and regards Providence’s offer as hostile
• The bid committee which was appointed by the board of directors of AcadeMedia recommends AcadeMedia’s shareholders not to accept Providence’s increased offer of SEK 190 per share and instead recommends the shareholders to accept EQT V’s increased offer of SEK 205 per share. Shareholders who have already accepted Providence’s offer are recommended to withdraw such an acceptance. • The bid committee interprets Providence’s action as an attempt to gain control of AcadeMedia in a hostile manner at a price below the price in EQT V’s increased offer.Providence Education International AB (”