Freudenberg extends offer period until 8 April 2026 and issues an update on the regulatory approvals and acceptances related to its takeover offer for Nilfisk Holding's shareholders

Core Viewpoint - Freudenberg has extended the offer period for its takeover of Nilfisk Holding until April 8, 2026, to allow more time for obtaining necessary regulatory approvals [1][2]. Offer Details - The initial offer period has been extended to April 8, 2026, as indicated in the Supplement to the Offer Document [1][5]. - The Offeror has received merger control clearance in the United States, but other required regulatory approvals are still pending [2]. - As of the latest update, approximately 81.22% of Nilfisk's share capital has accepted the offer, but the minimum acceptance condition has not been met [3]. Regulatory Approvals - The Supplement to the Offer Document has been approved by the Danish Financial Supervisory Authority (FSA) [4]. - All terms and conditions of the Offer remain unchanged except for the extended offer period [5]. Timetable for the Offer - Key dates include: - April 8, 2026: Expiry of the extended offer period [7]. - April 9, 2026: Publication of preliminary results of the Offer [7]. - April 13, 2026: Latest expected announcement of the final result of the Offer [7]. - April 15, 2026: Expected date for settlement of the Offer Price per share [9]. Company Overview - Nilfisk, founded in 1906, is a global provider of professional cleaning equipment and services, with over 90% of sales directed to professionals [10]. - The company operates in more than 100 countries and has manufacturing sites in the US, Mexico, Hungary, Italy, and China, employing approximately 4,500 people [11]. - In 2024, Nilfisk generated revenue of €1,027.9 million, with the largest market being the US, accounting for 28% of revenue [11].