TEXEL Energy Storage AB cancelled the offer to acquire Swedish Stirling AB (OM:STRLNG).
The target Board unanimously recommends the shareholders of Swedish Stirling not to accept the offer. The completion of the offer is conditional upon, among other things, TEXEL becoming the owner of more than 50% of the total number of shares in Swedish Stirling, due diligence review, the receipt of all necessary regulatory, governmental or similar clearances, approvals and decisions. The acceptance period of the offer is expected to commence on or around April 24, 2023 and expire on or around July 2, 2023.
Swedish Stirling has engaged Mannheimer Swartling as legal adviser in connection with the offer.
TEXEL Energy Storage AB cancelled the offer to acquire Swedish Stirling AB (publ) (OM:STRLNG) for SEK 17.3 million on June 7, 2023.