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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
Globenewswire· 2026-02-19 11:19
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].
Publication of statement by the Board of Directors in respect of the takeover offer from Freudenberg to the shareholders of Nilfisk Holding
Globenewswire· 2026-01-07 07:42
Core Viewpoint - Nilfisk Holding A/S has published a Board Statement regarding the voluntary takeover offer from Freudenberg Home and Cleaning Solutions GmbH to acquire all issued and outstanding shares of Nilfisk, excluding treasury shares and shares held by the Offeror [1][5]. Company Overview - Nilfisk was founded in 1906 and is a leading global provider of professional cleaning equipment and services, with over 90% of sales directed to professional markets [3][4]. - The company operates in more than 100 countries and has six manufacturing sites located in the US, Mexico, Hungary, Italy, and China [4]. - In 2024, Nilfisk generated revenue of 1,027.9 million EUR, with the largest market being the US, accounting for 28% of total revenue, followed by Germany (14%), France (10%), Denmark (7%), and the UK (4%) [4]. Offer Details - The Board Statement has been prepared in both Danish and English, with the Danish version prevailing in case of discrepancies [2]. - The Offer is subject to certain restrictions and is available on Nilfisk's investor website [2].
Publication of offer document in respect of the takeover offer from Freudenberg to the shareholders of Nilfisk Holding
Globenewswire· 2026-01-07 07:22
Company Overview - Nilfisk Holding A/S is a leading global provider of professional cleaning equipment and services, founded in 1906 by Danish engineer P.A. Fisker [4] - The company generates over 90% of its sales from professional markets, with the remainder from consumer products such as floorcare equipment and vacuum cleaners [4] - Nilfisk operates in more than 100 countries and has six manufacturing sites located in the US, Mexico, Hungary, Italy, and China, employing approximately 4,500 people [5] Financial Performance - In 2024, Nilfisk reported revenue of €1,027.9 million, with the largest market being the US, accounting for 28% of total revenue, followed by Germany (14%), France (10%), Denmark (7%), and the UK (4%) [5] Takeover Offer - On December 11, 2025, Nilfisk announced an agreement with Freudenberg Home and Cleaning Solutions GmbH to make an all-cash voluntary recommended public takeover offer at a price of DKK 140 per share [1] - The offer document, including an acceptance form, has been approved by the Danish Financial Supervisory Authority [1][2] - The Board of Directors of Nilfisk will issue a statement regarding the offer, advising shareholders to read both the offer document and the board statement before making a decision [2]