The tender offer was made pursuant to an Offer Circular, dated 8 November, and the Jamaica Takeovers and Mergers Rules and Regulations and other applicable requirements. Campari first announced this transaction on 3 September.
The total value of the shares acquired through the offer is approximately €316m at the exchange rate on the offer closing date.
Campari intends to exercise its right pursuant to a statutory process under Jamaica law to acquire all the remaining shares, including from those shareholders who have not accepted the offer.
Source: Campari
© FoodBev Media Ltd 2024