Statement from the independent bid committee of Momentum Group AB (publ) pursuant to the mandatory public offer from Nordstjernan Aktiebolag
Momentum Group AB’s (publ) independent bid committee unanimously recommends the shareholders of Momentum Group to not accept the cash-based mandatory public offer submitted by Nordstjernan Aktiebolag on 5 November 2020. This statement is made by the independent bid committee of the Board of Directors of Momentum Group AB (“Momentum Group” or the “Company”) in accordance with item II.19 of Nasdaq Stockholm’s Takeover Rules (“Takeover Rules”). BackgroundOn 28 October 2020, Momentum Group’s principal owner Nordstjernan Aktiebolag (“Nordstjernan”) announced that it had acquired one (1)