Basware response to media speculation
Basware Corporation, stock exchange release, November 16, 2018 at 11:05 a.m
Basware refers to the recent media speculation about a takeover approach and confirms that it has been approached with a non-binding and highly conditional indicative proposal for a possible tender offer for the entire share capital of Basware (the “Indicative Proposal”).
The Indicative Proposal is subject to a number of pre-conditions including, but not limited to, securing of appropriate financing, satisfactory completion of due diligence and a recommendation from the Board of Directors of Basware. Completion of any such tender offer would in turn be subject to further conditions, including, but not limited to, approval by Basware shareholders holding at least 90% of the shares of Basware and receipt of all necessary regulatory approvals.
The Board of Directors of Basware is evaluating the Indicative Proposal and will determine whether and how to proceed with it.
Basware will release further information at an appropriate time. There can be no assurance that the Indicative Proposal will result in a tender offer or any transaction.
Board of Directors
For more information, please contact:
Ben Selby, Head of Investor Relations, Basware Corporation
Tel. +358 50 305 8077, firstname.lastname@example.org
Basware (Nasdaq: BAS1V) is the global leader in providing networked source-to-pay solutions, e-invoicing and value added services. Basware’s commerce and financing network connects businesses in over 100 countries and territories around the globe. As the largest open business network in the world, Basware provides scale and reach for organizations of all sizes, enabling them to grow their business and unlock value across their operations by simplifying and streamlining financial processes. Small and large companies around the world achieve significant cost savings, more flexible payment terms, greater efficiencies and closer relationships with their suppliers. Find out more at https://investors.basware.com/en.