Although the offer is light, it is likely to succeed, as it resulted from an auction process and was supported by irrevocables from the two prominent activists on the register.
What is covered in the Full Insight:
Introduction of EQT's Offer
Details of the Acquisition
Irrevocables and Shareholders
Offer Valuation Analysis
Historical Price Comparison
Boomeranged on Thu, 13 Nov 2025 23:17
The precondition is satisfied. The Board notes that there is no competing proposal and that no concerns about the tender have been raised during engagement with multiple shareholders. The Board maintains its neutral stance. The gross/annualised spread for the 22 December payment is 0.2%/2.4%. This is a done deal.