Statement by the Board of Directors of Swedish Match AB in relation to the public cash offer by Philip Morris Holland Holdings B.V.
The Board of Directors of Swedish Match AB recommends that the shareholders of Swedish Match accept the offerBackground This statement is made by the Board of Directors (the “Board”) of Swedish Match AB (publ) (“Swedish Match” or the “Company”) pursuant to Section II.19 of Nasdaq Stockholm’s Takeover Rules (the “Takeover Rules”). Philip Morris Holland Holdings B.V. (“PMHH”), an indirect wholly-owned subsidiary of Philip Morris International Inc. (“PMI”), has today announced a public cash offer to Swedish Match’s shareholders to transfer their shares in Swedish Match to PMHH (the “