Acquisition
More than 90 percent of the shareholders have given their approval.
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by budfristens expiration 16.30 on Tuesday shareholders totaling 90.6 percent of the shares in Opera provided his acceptance of the offer. This means that the bidder may compulsorily redeem the remaining shareholders.
The buyer is a Chinese consortium led by fund Golden Brick Silk Road which has submitted a cash offer of 71 kroner per share. The share price is currently 66.70 million. The share price jumped 41 percent since the bid was announced, but is well below the company’s highest achieved price of 104 million.
There are still other conditions that must be met before the purchase can be completed, but acceptance among shareholders has been the most crucial .
Set on the fence
Monday warned Opera Software’s next largest shareholder, Ludvig Lorentzen AS, the company would offer 11 million shares under the offer. According to a shareholder list as of 23 May own Ludvig Lorentzen AS 12,100,000 shares, equivalent to 8.26 percent, in Opera. Lorentzen’s cautious approach to the bid made long tension over whether the bid came to get sufficient acceptance among shareholders.
Lorentzen will realize close to 860 million in connection with the acquisition. Opera CEO Lars Boilesen will be triggered 35 million, according to the shareholders of the Opera’s investor page.
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