Nordic Capital improves Nordnet take-private offer

In response to the improved offer, Nordnet's board of directors unanimously recommended company shareholders accept the bid.

The take-private efforts were launched in October as a joint venture with Swedish investment manager The Öhman Group, which held a 62.7% stake in the business when the original offer was made. Öhman committed to contributing its entire shareholding to the joint NNB Intressenter holding vehicle, through which the two have a combined 72.3% shareholding in Nordnet.

NNB Intressenter said in a statement the SEK 38 per share offer would be the final consideration, with no further price increases being offered.

The acceptance period for Nordic Capital's offer began around 5 December 2016 and ends on 23 January 2017. NNB plans to de-list Nordnet if its take-over bid is successful and it achieves a minimum 90% shareholding.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Nordics
• Take Private
• Nordic Capital
• Sweden