The offer period had originally been set to end on 11 January, but will be extended to the maximum of 70 days under Spanish takeover rules, or until 20 January. However, as that date is a Sunday, the offer period will close on Friday, 18 January.
Imperial said it will not extend the acceptance period beyond 18 January unless a competing offer is filed with Spanish market regulator CNMV. The last day a competing offer can be filed is 14 January.
Altadis has already agreed to the takeover by Imperial at € 50 a share in cash valuing the Gauloises and Fortuna cigarette maker at € 12.6 billion, and the deal has been cleared by regulators in Brussels and Madrid. (pi)
Share: