The Board of Mercell Holding ASA unanimously recommends a contemplated voluntary
cash offer from Spring Cayman Bidco, LLC to acquire all shares of Mercell
Holding ASA
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, INTO OR WITHIN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
The Board of Mercell Holding ASA has unanimously resolved that it will recommend
a contemplated voluntary cash offer from Spring Cayman Bidco, LLC to acquire all
shares of Mercell Holding ASA. The Offer is a result of a strategic process
conducted by the Board of Mercell Holding ASA in consultation with ABG Sundal
Collier ASA and JP Morgan.
Oslo, 25 May 2022
The Board (the "Board") of Mercell Holding ASA ("Mercell") today announces an
agreement with Spring Cayman Bidco, LLC (the "Offeror") whereby the Offeror
(through an affiliated Norwegian company to be incorporated) on certain terms
and conditions will put forward a voluntary cash offer (the "Offer") to acquire
100% of the shares of Mercell at an offer price of NOK 6.30 per share (the
"Offer Price").
The Offer Price represents a premium of:
o 110% above the Mercell shares closing price of NOK 3.005 on Oslo Børs on 24
May 2022