OPA for Nutresa: The acceptance period is extended to May 16

OPA for Nutresa: The acceptance period is extended to May 16

The acceptance period for Grupo Gilinski’s public takeover bid (OPA) by Grupo Nutresa, which ran until April 25, has been extended to May 16.

Initially, the maturity of the third Colombian Stock Exchange (BVC) offer made by Gilinski for common shares of the Sura and Nutresa groups was to be between April 6 and 25; however, the extension was only confirmed for the food cluster.

The response to the new OPAs was not as expected, and 12 days after they started, according to information from the BVC, Nutresa’s acceptances were only 0.07% of the outstanding shares, ie 311,105 titles.

With this new takeover offer, Gilinski wants a minimum of 9.6% of the outstanding shares of the company and a maximum of 12%. The price per share offered is USD 12.58.

On the other hand, the offer for Sura was accepted for 0.72% of the outstanding shares (3,367,332 shares).

In the case of Grupo Sura, the businessman from Cali intends to acquire a minimum of 5.2% of the shares and a maximum of 6.5%. The price it offers is USD 9.88 per share.

Source: El heraldo

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