S-Bank starts redemption offer for Oma Savings Bank shares
S-Bank Plc said it will launch a tender offer for issued and outstanding shares of Oma Savings Bank. The release says the offer is subject to Finnish disclosure and procedural requirements.
Story updates
02:37:28 PM UTC
SquawkNews
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. FOR FURTHER INFORMATION, PLEASE SEE SE…
02:37:56 PM UTC
SquawkNews
Oma Savings Bank said S-Bank holds approx. 96.79% and will redeem remaining shares at €17.20 per share via arbitration, and intends to delist the shares from Nasdaq Helsinki.Material DetailsContext by AI AnalystThis is late-stage confirmation of the takeover, with S-Bank already above the squeeze-o…
02:40:37 PM UTC
SquawkNews
Oma Saastopankki Oyj OMXHEX:OMASP