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Freudenberg provides an update on acceptances and acquisitions of shares related to its takeover offer for Nilfisk Holding's shareholders
Globenewswire· 2026-03-06 17:02
Core Viewpoint - Freudenberg Home and Cleaning Solutions GmbH has made a voluntary takeover offer for Nilfisk Holding A/S, with significant shareholder acceptance and market acquisitions indicating strong support for the offer [1][2][4]. Group 1: Offer Details - The takeover offer was initially published on January 7, 2026, and the offer period has been extended until April 8, 2026 [1][2]. - Approximately 81.2% of Nilfisk's share capital has accepted the offer, including irrevocable undertakings [2]. - Freudenberg SE has acquired an additional 16.3% of Nilfisk's shares in the market, with 4.9% already tendered into the offer [3]. Group 2: Acceptance and Ownership - The Offeror Group currently holds or has received valid acceptances for approximately 92.6% of Nilfisk's share capital and voting rights, assuming no withdrawals occur [4]. - The offer remains conditional upon the Offeror owning or having received valid acceptances for at least 90% of the share capital and voting rights at the expiry of the offer period [5]. Group 3: Company Overview - Nilfisk, founded in 1906, is a leading global provider of professional cleaning equipment and services, with over 90% of sales directed to professionals [6][7]. - The company generated revenue of €996.3 million in 2025, with the largest market being the US, accounting for 24% of revenue [7].
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].