Statement by the Board of Directors of Swedish Match AB in relation to the increased 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 increased offer.Background 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”). On May 11, 2022, Philip Morris Holland Holdings B.V. (“PMHH”), an affiliate of Philip Morris International Inc. (“PMI”), announced a recommended public offer to the shareholders of Swedish Match to tender all shares in Swedish Match to PMHH (the “