Philip Morris International (PMI) has confirmed that it will go ahead and accept all Swedish Match shares that have been tendered to it despite not achieving its 90% minimum stake threshold.

However, the company must still secure further shares in voluntary transaction during a new offer period if it is to achieve its goal of utilising cumpulsory purchase to acquire all remaining stakes in the Swedish company.

...

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      Philip Morris International (PMI) has confirmed that it will go ahead and accept all Swedish Match shares that have been tendered to it despite not achieving its 90% minimum stake threshold.

      However, the company must still secure further shares in voluntary transaction during a new offer period if it is to achieve its goal of utilising cumpulsory purchase to acquire all remaining stakes in the Swedish company.

      ...

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      Need help?

      Contact a sales representative right now and don’t wait

      Erik Galavis
      +34 654 320 547
      Email Erik