Ahlsell Launches CHF 492 Million Takeover Offer for Meier Tobler
SWEDEN: Swedish technical wholesaler Ahlsell has announced a public takeover offer for all publicly held shares of Swiss building technology distributor Meier Tobler Group AG. The offer values the company at approximately CHF 492 million (USD 600.2 million), with shareholders set to receive CHF 45.50(USD 55.51) in net cash per share. This represents a premium of around 30.8% over the volume-weighted average share price (VWAP) during the preceding 60 trading days.
Following a comprehensive assessment and an independent fairness opinion from IFBC, which concluded that the offer price was fair and reasonable, Meier Tobler's Board of Directors unanimously recommended that shareholders accept the offer. The negotiations were led by Board member Alexander von Witzleben.
Source: Phase 5
