NASDAQ OMX Nordic
Product information
Derivatives: Anticipated adjustment in Tikkurila due to offer (139/20)
The following information is based on the press release from Tikkurila Oyj
(Tikkurila) published on December 18, 2020 and may be subject to change.
PPG Industries, Inc. has announced a voluntary cash offer to acquire all
outstanding shares in Tikkurila, so that every one (1) Tikkurila share held
will entitle their holder to a cash payment of EUR 25.00 per share. If
Tikkurila, as a result of the offer, requests for a de-listing of the
underlying share or if the trading in the same is considered to be insufficient
to support related derivatives trading, NASDAQ Derivatives Markets will (1) set
a new expiration day for options, regular and gross return forwards in
Tikkurila (TIK1V3) and (2) settle the contracts at Fair Value according to the
attached file.