SWEDEN - EQT's bid for Securitas Direct extended again

ESML is currently evaluating a number of alternatives, including waiving the 90% acceptance condition. So far 73.8% and 81.6% of capital and voting rights have accepted the bid.

EQT V will buy out ESML Interssenter’s other shareholders if the offer is completed.

On 5 February 2008, ESML Interessenter increased the offer for the shareholding of Securitas Direct from SEK 26 to SEK 27.5 per share, increasing the total value of the bid for the company to SEK 10.1bn from SEK 9.6bn.

The consortium, led by EQT V, made a public cash offer to delist the security service company on November 13 2007.

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