Bergson Increases Hunter Douglas Offer Price
Bergson Beheer B.V. (the “Offeror”) and Hunter Douglas N.V. (“Hunter Douglas”) jointly announce an increase in the offer price from EUR 64 in cash per share (cum dividend) to EUR 82 in cash per share (cum dividend) on the same other terms as set out in the Offer Memorandum published on 6 April 2021 (the “Offer”). The independent nonexecutive members of the Board of Directors of Hunter Douglas (the “Independent Committee”) requested and discussed an increase in the offer price based on the stronger than expected trading results following announcement of the Offer on 12 December 2020. The Independent Committee continues to unanimously support and recommend the Offer as increased. The offer period is extended to 2 June 2021 (17.40 hours CEST).
The Offeror plans to fund the increased offer price through third-party debt financing and Mr. R. Sonnenberg, owner and controlling shareholder of the Offeror, has affirmed that he has sufficient funds to fund the payment of the offer price if necessary.
The increased offer price of EUR 82 represents a premium of 60.78% to the closing price on 11 December 2020 and an increase of 28.12% of the original offer price of EUR 64.
About Hunter Douglas
Hunter Douglas is listed on Euronext Amsterdam and is the world market leader in window coverings and a major manufacturer of architectural products. Hunter Douglas has its head office in Rotterdam, The Netherlands, and a Management Office in Luzern, Switzerland. The Group is comprised of 134 companies with 47 manufacturing and 87 assembly operations in more than 100 countries. Hunter Douglas employs about 23,000 people and had sales in 2020 of USD 3.5 billion.
Leen Reijtenbagh – Chief Financial Officer – email@example.com – +31 10 486 9582
Source: Hunter Douglas N.V.