Public tender offer for Bobst Group SA by its largest shareholder, JBF Finance SA
July 25, 2022 By PrintAction Staff
JBF Finance SA, Buchillon, Switzerland (JBF), has announced a public tender offer for all publicly held shares of Bobst Group SA. JBF is Bobst Group’s largest shareholder and already holds approximately 53 per cent of the shares and voting rights in the company.
JBF has announced that it will pay CHF 78.- in cash per Bobst Group share. The offer is not subject to substantial conditions. Following completion of the offer, JBF expects to take Bobst Group private through a delisting of its shares from Six Swiss Exchange. The pre-announcement of the offer is available at https://investors.bobst.com/tenderoffer/. The offer prospectus is expected to be published on the same website page, on or around 5 September 2022.
The board of directors of Bobst Group has reviewed the offer, is convinced of the business rationale of the transaction and welcomes the possibility for shareholders to tender their shares at a premium in these uncertain times.
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