Merckx AS made an offer to acquire remaining 63.6% stake in Blom ASA (OB:BLO) from As Meritum, Bergen Kommunale Pensjonskasse, Firmament AS, Veen A/S, Heden Holding AS, Parma A/S, Flumens Finans AS, DNB Bank ASA, Investment Arm, Totens Sparebank (OB:TOTG), Hexagon AB (OM:HEXA B), Folketrygdfondet, KLP Pensjonsforsikring AS and others for NOK 2.14 million on August 19, 2013. The offer period starts from September 19, 2013 to October 17, 2013. Under the terms of offer, Merckx AS will acquire 21.4 million shares at NOK 0.10 per share. This Offer will be financed by the buyer from existing cash and committed loan facilities. If Merckx becomes the holder of more than 90% of shares in Blom issued at such time and a corresponding part of the votes, then Merckx will have the right to initiate a compulsory acquisition and Blom will be delisted. Oslo Børs approved the transaction. Board of directors of Blom is of the opinion that the offer price reflects a fair value to the shareholders.

As of September 18, 2013, Hexagon has sold 8.4 million shares of Blom ASA to Merckx, representing approximately 25% of the outstanding shares and votes in Blom. As of October 1, 2013, Merckx AS received 388 shares of Blom ASA under this offer. As of October 3, 2013; Merckx AS received acceptances for 876 shares of Blom. As of October 4, 2013, Merckx AS received acceptances under the Offer for 87,579 shares of Blom ASA. Following this, Merckx has received acceptances for a total of 8.5 million Blom shares representing approximately 25.1% of Blom. On October 7, 2013, the Merckx received acceptances under the offer for 30 shares of Blom ASA. As on October 11, 2013, Merckx AS received acceptances for a total of 8.54 million shares representing approximately 25.4% of the shares and votes in Blom ASA. As on October 14, 2013, Merckx AS received acceptances for 2,528 shares of Blom. As of October 15, 2013, Merckx AS received acceptances for a total of 0.03 million shares representing approximately 25.4% of the shares and votes in Blom ASA. On October 16, 2013, it was announced that Merckx AS has received acceptances under the offer for 964 shares of Blom ASA. Following this, Merckx AS will, at completion of the offer, hold 20.87 million shares, representing 61.9% of all the issued shares of Blom ASA.

Settlement will therefore take place no later than October 31, 2013 provided the offer period is not extended. If the Offer Period is extended, the settlement date will be postponed correspondingly, however such that the settlement dates in no event will be later than November 14, 2013. The acceptance period for the mandatory offer made by Merckx expired on October 17, 2013. Merckx has received acceptance of the offer for a total of 8.58 million shares of Blom. ABG Sundal Collier Holding ASA acted as the receiving agent and Tenden Advokatfirma ANS acted as the legal advisor to Merckx AS.

Merckx AS completed the acquisition of an additional 25.49% stake in Blom ASA (OB:BLO) from As Meritum, Bergen Kommunale Pensjonskasse, Firmament AS, Veen A/S, Heden Holding AS, Parma A/S, Flumens Finans AS, DNB Bank ASA, Investment Arm, Totens Sparebank (OB:TOTG), Hexagon AB (OM:HEXA B), Folketrygdfondet, KLP Pensjonsforsikring AS and others for NOK 0.85 million on October 17, 2013.