CDON Group has received approval from the Swedish Competition Authority for the cash offer to shareholders in Tretti AB
This press release must not, directly or indirectly, be distributed to or within the United States of America, Australia, Japan, Canada, South-Africa or New Zealand.
CDON Group AB (publ) (“CDON Group” or the "Group”) (Nasdaq OMX Stockholm: CDON), one of the leading e-commerce groups in the Nordic region, has received approval from the Swedish Competition Authority for the Group’s cash offer to shareholders in Tretti AB (publ) (“Tretti”) to tender all shares in Tretti to CDON Group (the “Offer”).
Other terms and conditions relating to the Offer are described in the Offer document which can be found on the Group’s webpage cdongroup.com/cashoffer. The Offer remains open for acceptance until 26 May 2011. Settlement is expected to commence on 3 June 2011.
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For further information, visit cdongroup.com/cashoffer or contact:
Investor and analyst enquires:
Martin Edblad, Chief Financial Officer
Tel: +46 (0) 70 080 75 03
Email: ir@cdongroup.com
Press enquires:
Fredrik Bengtsson, Head of Communications
Tel: +46 (0) 70 080 75 04
Email: press@cdongroup.com
CDON Group in brief
CDON Group is one of the leading e-commerce groups in the Nordic region. Established in 1999, the Group has continuously expanded its product portfolio and is now a leading e-commerce player in the Entertainment (CDON.COM, BookPlus.fi, Lekmer.com), Fashion (Nelly.com, LinusLotta.com, Heppo.com, RUM21.se), and Sports & Health (Gymgrossisten.com, Bodystore.com) segments. CDON Group’s nine online stores attract approximately 115 million site visits and two million unique customers a year and the Group reported revenues of SEK 2.2 billion for the full year 2010.
Disclaimer
The Offer is not being made to persons whose participation in the Offer requires that any additional offer document is prepared or registration effected or that any other measures are taken in addition to those required under Swedish law. This press release the offer document and any documentation relating to the Offer are not being distributed and must not be mailed or otherwise distributed or sent in or into any country in which the distribution or offering would require any such additional measures to be taken or would be in conflict with any law or regulation in such country – any such action will not be permitted or sanctioned by CDON Group. Any purported acceptance of the Offer resulting directly or indirectly from a violation of these restrictions may be disregarded.
The Offer is not being made, directly or indirectly, in or into the United States of America, Australia, Japan, Canada, New Zealand or South Africa by use of mail or any other means or instrumentality (including, without limitation, facsimile transmission, electronic mail, telex, telephone and the Internet) of interstate or foreign commerce, or of any facility of national security exchange, of the United States of America, Australia, Japan, Canada, New Zealand or South Africa, and the Offer cannot be accepted by any such use, means, instrumentality or facility of, or from within, the United States of America, Australia, Japan, Canada, New Zealand or South Africa. Accordingly, this press release and any documentation relating to the Offer are not being and should not be mailed or otherwise distributed, forwarded or sent into the United States of America, Australia, Japan, Canada, New Zealand or South Africa. CDON Group will not deliver any consideration from the Offer into the United States of America, Australia, Japan, Canada, New Zealand or South Africa.
The information in this announcement is that which CDON Group AB is required to disclose under the Securities Markets Act. This information was released for publication at 08:00 CET on 18 May 2011.