This is a joint press release by Beter Bed Holding N.V. ("Beter Bed Holding" or the "Company") and 959 B.V. (the "Offeror"), a company controlled by Torqx Capital Partners ("Torqx"). This joint press release is issued pursuant to the Article 16, paragraphs 1 and 2, Article 17 paragraph 1 and Article 4, paragraph 3 of the Netherlands Decree in Public Takeover Bids (Besluit openbare biedingen Wft, the "Decree") in connection with the recommended public offer by the Offeror for all the issued and outstanding shares in the capital of the Company (the "Offer"). This press release does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in the Company. Any offer is only made by means of the offer memorandum (the "Offer Memorandum"), dated 4 October 2023, approved by the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the "AFM"). Terms not defined in this press release will have the meaning as set forth in the Offer Memorandum. This press release is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, in any jurisdiction in which such release, publication or distribution would be unlawful, including the United States.

Torqx declares offer for Beter Bed Holding unconditional; 95.14% of Shares now tendered or committed

  • A total of 95.14% of the Shares are now tendered or committed; 50.81% of the Shares have been tendered under the Offer and 44.33% of the Shares have been irrevocably committed to the Offeror.
  • All Offer Conditions have been satisfied or waived.
  • Torqx declares the Offer for Beter Bed Holding unconditional.
  • Settlement of the Offer will take place on 1 December 2023.
  • Remaining Shares can be tendered during the Post-Acceptance Period, commencing on 30 November 2023 and ending on 6 December 2023.
  • Delisting from Euronext Amsterdam will take place on 29 December 2023.

Uden, the Netherlands, 29 November 2023 – With reference to the joint press releases dated 10 July 2023 and 4 October 2023 and the Offer Memorandum, Beter Bed Holding – the Netherlands’ largest sleep specialist in retail, wholesale and B2B – and Torqx Capital Partners (“Torqx”) are pleased to announce that Shares representing 95.14% of Beter Bed Holding's Outstanding Capital have been tendered under the Offer or have been irrevocably committed to the Offeror and that all other Offer Conditions have been satisfied. As a result, the Offeror declares the Offer unconditional (doet gestand). Shareholders who have not yet tendered their Shares may tender their Shares during the Post-Acceptance Period ending on 6 December 2023 at 17:40 hours CET.

For the full PDF of the press release, please click on the link under attachment.

Press photos can be downloaded here.


  • Press release 29-11-2023