BRIEF-United Mining Says Knauf Announces Firm Intention To Make Tender Offer To Acaquire Company

UNITED MINING
Tadawul All Shares Index

UNITED MINING

9583.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

June 22 (Reuters) - UNITED MINING INDUSTRIES COMPANY SJSC 9583.SE:

  • LATEST DEVELOPMENTS REGARDING ANNOUNCEMENT ON RECEIVING NOTIFICATION FROM KNAUF INTERNATIONAL GMBH

  • UNITED MINING INDUSTRIES - ANNOUNCE KNAUF'S FIRM INTENTION TO MAKE TENDER OFFER TO ACQUIRE UP TO 100% OF REMAINING SHARES OF CO

  • PURSUANT TO TENDER OFFER, KNAUF TO ACQUIRE UP TO 5.1 MILLION SHARES IN UMI FOR CASH CONSIDERATION OF SAR 57/SHARE

  • ACQUISITION BY KNAUF PURSUANT TO TENDER OFFER MAY RESULT IN KNAUF HOLDING UP TO 100% OF UMI’S SHARE CAPITAL

  • IF TENDER OFFER IS FULLY ACCEPTED BY SHAREHOLDERS AGGREGATE CONSIDERATION PAYABLE BY KNAUF WILL AMOUNT TO SAR 293.5 MILLION

  • FOLLOWING COMPLETION OF TENDER OFFER, KNAUF INTENDS TO TAKE NECESSARY STEPS FOR DELISTING OF UMI FROM TADAWUL

Source text: ID:nSSEbHDYY9

Further company coverage: 9583.SE


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