Doxa AB (publ) (OM:DOXA) made an offer to acquire Serneke Group AB (publ) (OM:SRNKE B) from Ola Serneke Invest AB, Fastighets AB Balder (publ) (OM:BALD B), Svolder AB (publ) (OM:SVOL B) and other shareholders for SEK 1 billion on April 24, 2023. The offer is to acquire all the outstanding class B shares in Serneke. Doxa intends to distribute Serneke to Doxa's shareholders and separately list the company.

The Offer is conditional upon, inter alia, the extent that Doxa becomes the owner of shares corresponding to more than 90% of the outstanding class B shares in Serneke and all necessary clearances, approvals, decisions and other actions from authorities have been obtained, in each case on terms acceptable to Doxa. The Offer is further conditional upon shareholders of Doxa approval. As of June 8, 2023, 90.8% stake is being tendered, thus the minimum threshold to achieve 90% has been achieved.

As of April 25, 2023, the board of directors of Serneke unanimously recommends the shareholders of Serneke to accept the public offer made by Doxa. As of June 12, 2023, Doxa holds a more than 90% stake in Serneke and called for compulsory redemption of the remaining shares in it. The acceptance period for the Offer is expected to commence on or around May 12, 2023 and end on or around June 2, 2023.

The offer period is now extended to June 19, 2023. The board of directors of Serneke has retained Carnegie Investment Bank AB (publ) as financial advisor and Setterwalls Advokatbyrå AB as legal advisor in connection with the Offer. The board of directors has also instructed KPMG to issue a fairness opinion regarding the Offer.