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Calliditas Therapeutics Board Unanimously Recommends Acceptance Of Asahi Kasei's SEK 11.16B Tender Offer

Author: Benzinga Newsdesk | May 28, 2024 03:38am

STOCKHOLM, May 28, 2024 /PRNewswire/ -- The Board of Directors of Calliditas Therapeutics AB (publ) unanimously recommends that the shareholders and holders of American Depositary Shares ("ADS") of Calliditas Therapeutics AB (publ) (jointly the "Securityholders") accept the public tender offer by Asahi Kasei Corporation.

Asahi Kasei Corporation ("Asahi Kasei" or the "Offeror"), today announced a public cash offer to acquire all shares in Calliditas (the "Shares") for SEK 208 in cash per Share (the "Offer"). The Offer will also include a concurrent offer by the Offeror to acquire all American Depositary Shares, each representing two Shares in Calliditas, for SEK 416 in cash per ADS, which will be conducted pursuant to the securities rules of the United States. The total value of the Offer corresponds to SEK 11,164 million.[1]

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