Atlas Luxco S.à r.l. increases the price to USD 25.75 per common share and per SDR in its public offers to the shareholders of Millicom International Cellular S.A.

Core Viewpoint - Atlas Luxco S.à r.l. has increased its offer price to USD 25.75 per common share and per SDR for Millicom International Cellular S.A., representing a 7.3% increase from the initial offer price of USD 24.00 [2][3]. Offer Details - The revised offer price of USD 25.75 per common share and SDR is the highest price Millicom shares have reached in the last two years until May 22, 2024 [3]. - The new offer represents a 27.5% premium compared to the volume weighted average trading price over the last 90 days prior to May 22, 2024, and a 36.4% premium over the last 180 days [3][6][8]. Shareholder Benefits - Shareholders who have already tendered their shares at the previous price will automatically benefit from the increased offer price without needing to take further action [5]. - The total value of the revised offers is approximately USD 4.4 billion based on all outstanding shares, and USD 3.1 billion based on shares not owned by Atlas or its affiliates [9]. Timetable - The acceptance period for the offers expires on August 16, 2024, unless extended [10]. - Settlement for shares tendered is expected to be initiated around August 29, 2024, provided all conditions for completion are satisfied [10]. Company Background - Atlas Investissement is a majority-owned subsidiary of NJJ Holding, which is owned by Xavier Niel, a significant investor in the telecom sector [19].