NL - Candover expected to make EUR 1.5bn cash offer for Stork

Candover has expressed its intention to make a EUR 1.5bn public offer for all the shares of Dutch industrial conglomerate Stork. London Acquisition B.V., a holding company controlled by Candover funds, and Stork issued a joint press release, which states the intended offer price EUR 47 per share. The price represents a 19% premium over Stork’s average closing share price of EUR 39.38.