Business
G City Ltd Announces Unconditional Cash Offer For Citycon Oyj
G City Ltd Announces Unconditional Cash Offer For Citycon Oyj
About this update from G City Ltd.
Citycon Oyj OMXHEX:CTY1S:INSIDE INFORMATION: G CITY LTD. HAS ANNOUNCED AN UNCONDITIONAL VOLUNTARY PUBLIC CASH TENDER OFFER FOR ALL THE OUTSTANDING SHARES IN CITYCON OYJSHAREHOLDERS OFFERED EUR 2.9 PER SHARE IN CASHOFFER PRICE REPRESENTS 7% PREMIUM TO JUNE 16, 2026 CLOSING PRICEOFFER PRICE IS 4.3% BELOW ADJUSTED VOLUME-WEIGHTED AVERAGE PRICE FOR PRIOR THREE MONTHSTENDER OFFER VALUES CITYCON EQUITY AT APPROX EUR 532.4 MILLIONG CITY, AFFILIATES HOLD 86.47% OF CITYCON SHARESTENDER OFFER PERIOD EXPECTED JULY 6 TO AUGUST 3, 2026G CITY TO COMMENCE COMPULSORY REDEMPTION IF OWNERSHIP EXCEEDS 90%G CITY TO APPLY FOR DELISTING OF CITYCON SHARES FROM NASDAQ HELSINKI