Boels Rental has extended its offer period for Cramo’s shares from 9 January to 31 January.
So far 80.4% of Cramo’s shares have been tendered under the Boels offer, and the Dutch rental company is providing the additional time to allow remaining shareholders, including so-called passive investors such as index funds, to tender their shares.
A statement by Cramo said the more than 80% of shares already commited ”underscores the firm support for the tender offer by a vast majority of Cramo’s shareholders, including its major shareholders EQT Public Value Investments S.à r.l., Rakennusmestarien Säätiö sr and Varma Mutual Pension Insurance Company”.
The extended offer period ends at 4.00pm (Finnish time) on 31 January 31, 2020. Shareholders who have already tendered their shares do not have to do so again or take any other action.
Boels has already received approval for the acquisition from competition authorities.