Buchillon, Switzerland-based JBF Finance SA has published its offer prospectus on the public tender offer for all publicly held shares of Bobst Group SA. The Board of Directors of Bobst Group unanimously resolved to support and recommend the tender offer submitted by JBF.
Pursuant to the offer prospectus and in line with the pre-announcement of the public tender offer published by Bobst Group on 25 July 2022, the price offered by JBF in the offer is CHF 78.00 in cash for each Bobst Group share.
The Board of Directors of Bobst Group, represented by its Committee of Independent Directors, has obtained from KPMG a fairness opinion confirming the fairness and adequacy of the offer price from a financial perspective. After due and careful inquiry and analysis of the offer, the price offered, its business rationale and its consequences for Bobst Group and its shareholders and stakeholders, and taking into account the above-mentioned fairness opinion, the Board of Directors unanimously resolved to support and recommend the tender offer submitted by JBF as in Bobst Group’s interest and offering shareholders liquidity at a premium to previously prevailing market prices and within the range of fairness determined by KPMG. The report of the Board of Directors is included in the offer prospectus of JBF’s tender offer.
The offer prospectus, the report of the Board of Directors and the fairness opinion of KPMG are available at investors.bobst.com/tenderoffer/. After a cooling-off period, the offer is expected to be open for acceptance between 20 September 2022 and 3 October 2022. An additional acceptance period is expected to run from 10 October 2022 to 21 October 2022 and the offer is expected to be settled on or around 4 November 2022.