Metro takeover offer by Kinnevik
Kinnevik, Metro International’s major shareholder, has offered to acquire all outstanding shares of the Metro and all outstanding warrants.
The price of the bid for the shares is 46 to 47% higher than the current value.
The Independent Committee of the Board of Directors of Metro International unanimously recommends the shareholders and the warrant holders to accept the public offer made by Kinnevik.
Kinnevik now hold almost 50% of the shares (click on pictire to see bigger version). Acceptance by other shareholders is expected. The takeover will not change the strategy of Metro according to the press release.