If Montepio acquires 100% of the shares, its EUR 1.95 per share offer would be valued at a total of EUR 351m, local newspapers reported.Shares in Finibanco have been suspended since Thursday afternoon, at which point it had a market cap value of EUR 227.5m. Finibanco's shares were suspended at EUR 1.48, meaning Montepio’s offer represents a 31.7%premium.
The Commission decided that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.
As Honeywell's and Sperian's activities are mainly focused in different geographic areas and product segments, the overlaps between the Parties’ activities regarding PPE devices are limited, the Commission concluded.
Prisa is expected to issue the Prisa Class A and Class B shares in the form of American Depositary Shares evidenced by American Depositary Receipts. Each NVCS is mandatorily convertible in 3.5 years and is entitled to receive EUR 0.175 of minimum dividends per annum, which are cumulative until mandatory conversion subject to the existence of distributable profits or Class B share premium reserve. Liberty warrant holders will receive 0.45 Prisa Class A ordinary shares and USD 0.90 in cash in exchange for each warrant they hold.
