Philip Morris International Inc

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Mergers / Acquisitions

Philip Morris To Complete Offer For Swedish Match, Becomes Owner Of 82.59% Of Shares

Published: 11/07/2022 06:43 GMT
Philip Morris International Inc (PM) - Pmhh is Pleased to Complete Its Offer for Swedish Match and Become Owner of 82.59% of Shares.
Decided to Waive Acceptance Level Condition and to Complete Offer.
Offer is Declared Unconditional.
Pmhh Has Also Decided to Further Extend Acceptance Period Until November 25, 2022.
Will Acquire All Shares in Swedish Match That Have Been Tendered in Offer.
Shares Tendered in Offer at End of Acceptance Period (which Expired on November 4, 2022) Amount to in Aggregate 1,255,945,656 Shares in Swedish Match, Corresponding to Approximately 82.59 Percent4of Share Capital and Voting Rights in Swedish Match.
Price in Offer for Shares Tendered During Further Extended Acceptance Period Will Be Reduced to Sek 115.07 in Cash per Share Due to Resolved Dividend Payment by Swedish Match of Sek 0.93 per Share for Shareholders of Record As of November 14, 2022.
Settlement for Shares Tendered in Offer Up to and Including Nov 4, 2022, is Expected to Be Initiated, Around Nov 11.
Objective is to Delist Shares of Swedish Match From Stock Market After Reaching an Ownership of More Than 90%.
Ceo: We Are Pleased That 82.59% of Swedish Match Shareholders, Including - We Believe - the Top 10 Shareholders, Have Tendered Their Shares at the Best and Final Price of Sek 116 per Share.