Arcus ASA: Statement from the Board of Directors regarding the mandatory offer from Canica AS
It is the Board of Directors’ (the “Board”) overall assessment, including Carnegie’s fairness opinion, that the offer outlined by Canica is not fair. Thus, the Board does not recommend the shareholders of Arcus to accept Canica’s offer.The statement from the Board in accordance with § 6-16 of the Norwegian Securities Trading Act in connection with the mandatory offer from Canica AS is enclosed. A fairness opinion dated 9 July 2018, submitted by Carnegie Investment Bank, is also enclosed. The Board asks the shareholders to take note of the long-term opportunities of Arcus, with growth