Blackstone tender offer

Blackstone’s public tender offer for all shares in Sponda Plc

POLAR BIDCO S.À R.L. LAUNCHES A VOLUNTARY RECOMMENDED PUBLIC TENDER OFFER FOR ALL SHARES IN SPONDA PLC

Polar Bidco S.à r.l. (the “Offeror”), a corporation owned by funds advised by affiliates of The Blackstone Group L.P. (together with its consolidated subsidiaries, “Blackstone”), and Sponda Plc (“Sponda”) have on June 5, 2017 entered into a combination agreement (the “Combination Agreement”) pursuant to which the Offeror will make a voluntary recommended public tender offer to purchase all issued and outstanding shares in Sponda (the “Tender Offer”). In the Tender Offer, Sponda shareholders will be offered a cash consideration of EUR 5.19 for each share in Sponda representing an aggregate equity purchase price of approximately EUR 1,763 million for Sponda shares.

Published materials:
5 June 2017 – Stock exchange release
7 June 2017 – Statement of the Board of Directors of Sponda Plc
7 June 2017 – UBS Fairness Opinion
12 June 2017 – Tender Offer Document
19 July 2017 – Supplement to Tender Offer Document dated 12 June

 

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