(CercleFinance.com) – The KKR-led consortium is making a recommended cash offer for all issued and outstanding ordinary shares of Accell Group.
The offer will be discussed at the Extraordinary General Meeting on May 20, 2022. The acceptance period ends on June 3, 2022, unless extended.
‘Today marks an important milestone for the Accell Group. The official launch of the cash offer offers shareholders the opportunity to tender their shares during an eight-week acceptance period which begins on April 8, 2022’.
“With KKR, we will also have on board a financially strong and knowledgeable partner who will help us accelerate the deployment of our products, strengthen our global presence. This is in line with our goal and our ambition to be the leader in the bicycle industry,” emphasizes Ton Anbeek, CEO of Accell Group. Daan Knottenbelt, Partner and Head of Benelux at KKR.
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