SHS Viveon AG Acquires by Public Tender Offer from Sidetrade.

Quick Summary:

A friendly public tender offer with premium on the SHS Viveon AG sharesTender offer price: €3.00 per SHS Viveon AG share in cashTender offer deadline: June 17, 2024Post-delisting: No open market for SHS Viveon AG shares Sidetrade, the global leader in AI-powered Order-to-Cash applications, today announces its intention to acquire SHS Viveon AG, a German leader in credit risk management software, following an agreement made with its supervisory board.

SHS Viveon AG's supervisory board signed a business combination agreement with Sidetrade on May 1, 2024, and supports Sidetrade’s take-over plans.  Planned milestones for Sidetrade's acquisition of SHS Viveon AG May 6, 2024         Tender offer posted in the Federal GazetteMay 7, 2024         Tender offer opensMay 9, 2024         Delisting of SHS Viveon AG proposed to the Munich Stock ExchangeJune 17, 2024      Tender offer closes The tender offer is not subject to reaching a minimum acceptance threshold.

Sidetrade plans to open its public tender offer on May 7, 2024, to acquire the remaining shares of SHS Viveon AG at €3.00 per share in cash, representing a 53% premium over the 1-year VWAP (Volume-weighted average price) of SHS Viveon AG (€1.96 per share) as of April 15, 2024.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sidetrade

Category: Technology

Markets: ChinaGermany

Topics: Paris:ALBFR FR0010202606

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-02 @ 06:23:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 602 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 20853769

View Article Analysis

About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 1 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 10 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

Frequently Asked Questions