17 April 2023
Uponor Corporation notes the announcement by Aliaxis S.A. regarding a non-binding intention to make an all cash public tender offer for Uponor
Uponor Corporation notes the announcement on 17 April 2023 by Aliaxis S.A. regarding a non-binding intention to make an offer to acquire all shares in Uponor at a proposed price of EUR 25.00 per share, corresponding to a premium of approximately 44.6% to the closing price of the Uponor share on Nasdaq Helsinki on 14 April 2023.
The announced potential offer is subject to certain conditions including, satisfactory conclusion of confirmatory due diligence and receipt of a recommendation from the Board of Directors of Uponor, approval of the Board of Directors of Aliaxis and entering into a combination agreement. Completion of any such cash tender offer would in turn be subject to further conditions, including approval by shareholders holding at least 60% of the shares of Uponor and receipt of all necessary regulatory approvals.
The Offeror’s announcement regarding the potential offer has not been co-ordinated with the Board of Directors of Uponor. Uponor confirms it has received a non-binding intention from Aliaxis to make an all cash public tender offer for Uponor.
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