SARIA Nederland To Acquire Devro

The boards of SARIA Nederland B.V. and Devro have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Devro. Devro shareholders will be entitled to receive: for each Devro share held: 316.1 pence in cash. The acquisition values the entire issued and to be issued share capital of Devro at approximately 540 million pounds on a fully diluted basis, implying an enterprise value of 667 million pounds. Also, each Devro shareholder will be entitled to receive and retain the 2.9 pence cash dividend for each Devro share held on the Dividend Record Date.

The acquisition is intended to be implemented by Bidco or SARIA Nederland B.V., an indirect subsidiary undertaking of SARIA SE & CO. KG.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Honda Motor Co, Inc. has recalled about 2,900 units of 2022 model year Honda TRX90X All-Terrain Vehicles (ATVs) sold in the United States for possible crash and injury hazard, according to a statement issued by the U.S. Consumer Product Safety Commission or CPSC. The Laundress, a unit of Conopco Inc. d/b/a Unilever, is recalling around 8 million laundry and household cleaning products citing risk of exposure to bacteria, U.S. Consumer Product Safety Commission. The recall involves Laundress laundry detergent, fabric conditioner and other cleaning products. Tesla Inc. has delivered its first Semi, a heavy-duty electric truck, to its customer PepsiCo Inc. during an event at its Nevada Gigafactory. The delivery of 500-mile fully electric Semi truck comes five years after the launch of the truck's prototype in 2017. During Thursday night's Semi Delivery Event at Tesla's Sparks, Nevada factory, CEO Elon Musk, with Dan Priestly, ...
Follow RTT