Shareholders have publicly pledged to accept Orc’s offer of SEK19.625 per share in Neonet.
The total offer is equivalent to about SEK 1.278bn on Nasdaq OMX Stockholm’s January 22 closing prices, which represents a bid premium of 22%.
If formally approved at an extraordinary general meeting on February 16, Orc’s board claims the merger will create synergies from the sharing of technological expertise and annual cost savings...