NLB Group Lowers Minimum Acceptance Level for Addiko Bank Bid
Nova Ljubljanska banka d.d., Ljubljana (NLB.L), d/b/a NLB Group, plans to lower the minimum acceptance threshold and extend the acceptance period for its takeover offer for Austrian banking group Addiko Bank (ADKO.VI). The Slovenian financial group said Monday the minimum acceptance threshold will be lowered to over 50% from more than 75%. NLB Group noted its offer of 37 euros per Addiko share remains superior to the competing offer from Raiffeisen Bank International (RBI.VI). NLB Group has secured merger control clearances in Serbia, Austria and North Macedonia for its offer.
Nova Ljubljanska banka d.d., Ljubljana (NLB.L), d/b/a NLB Group, plans to lower the minimum acceptance threshold and extend the acceptance period for its takeover offer for Austrian banking group Addiko Bank (ADKO.VI).
The Slovenian financial group said Monday the minimum acceptance threshold will be lowered to over 50% from more than 75%.
NLB Group noted its offer of 37 euros per Addiko share remains superior to the competing offer from Raiffeisen Bank International (RBI.VI).
NLB Group has secured merger control clearances in Serbia, Austria and North Macedonia for its offer.