Mobimo: Fadmatt shareholders give green light for takeover
The real estate company Mobimo has taken a big step forward with its planned takeover of Fadmatt AG.
Mobimo announces that a total of 96 percent of Fadmatt shares had been tendered to it by the end of the offer period on July 18, 2018. The real estate company has therefore declared the takeover offer for Fadmatt AG successful, subject to the fulfillment of certain conditions. The additional acceptance period begins on July 19 and lasts until August 17, 2018.
If the other conditions are met as planned, the acquisition is expected to be completed on August 22, 2018. According to the Fadmatt shares tendered to date, just over 50 percent of the acquisition price of CHF 183 million will be paid with shares from Mobimo's authorized capital.
Prior to this, the shareholders of Fadmatt AG had paved the way for the conclusion of the friendly takeover by Mobimo Holding made free. According to Mobimo, they accepted all proposals of the Board of Directors.
