JBF Finance SA, Buchillon, Switzerland, is the largest shareholder of Bobst Group SA.
JBF has announced that it will pay CHF 78.- in cash per Bobst Group share, which represents a premium of 22% compared to the average price of the last four weeks. The offer is not subject to substantial conditions. Following completion of the offer, JBF expects to be able to take Bobst Group private through a delisting of its shares from SIX Swiss Exchange to allow the company to focus on long-term and sustainable growth. The pre-announcement of the offer is available at https://investors.bobst.com/tenderoffer/. The offer prospectus is expected to be published on the same website page, on or around 5 September 2022.
This offer will give the company the appropriate conditions to deploy a long-term strategy, to execute its digital transformation, and to maintain its strong Swiss industrial activities.
Transaction highlights include:
The Board of Directors of Bobst Group, represented by the Committee of Independent Directors, has reviewed the Offer, is convinced of the business rationale of the transaction and welcomes the possibility for shareholders to tender their shares at a premium in these uncertain times.
5 September 2022 Publication of offer prospectus including the report of the Board of Directors.
20 September to 3 October 2022 Main offer period.
10 October to 21 October 2022 Additional acceptance period.
Beginning of November 2022 Offer settlement.