Stockholm, Sweden - The additional acceptance period for the voluntary public takeover offer of ISRA VISION expired April 29. ISRA VISION shareholders have tendered a total of 17 205 199 shares representing 78.51% of the share capital of ISRA VISION.
With an acceptance rate of 78.51% and its shareholding of 13.68%, Atlas Copco will hold 92.19% of the shares in ISRA VISION upon completion of the takeover offer.
'We are pleased with the strong support for our takeover offer', said Henrik Elmin, Business Area President Industrial Technique. 'We are committed to the long-term growth of the company and look forward to partner with ISRA VISION, bringing their strong brand and technological expertise into the Atlas Copco Group.'
The offer is still subject to the approval by the Committee on Foreign Investment in the United States (CFIUS). All other offer conditions have been fulfilled.
For more information about the offer, see the deal website:
For more information please contact:
Sara Liljedal, Media Relations Manager
+46 8 743 8060 or +46 72 144 1038
Daniel Althoff, VP Investor Relations
+46 8 743 9597 or +46 76 899 9597
Atlas Copco Group
Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873.
By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.In 2019, Atlas Copco had revenues of BSEK104 (BEUR 10) and at year end about 39 000 employees.
This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of ISRA VISION AG. The terms and conditions of the takeover offer, as well as further provisions concerning the takeover offer, are set forth in the offer document which is published on www.technology-offer.com. Investors and holders of shares in ISRA VISION AG are strongly advised to read the offer document and all other relevant documents regarding the takeover offer when they become available, as they will contain important information.
(C) 2020 Electronic News Publishing, source ENP Newswire