On 2 October 2006, JCE Group AB issued a public bid on acquisition of shares in Cybercom Group Europe AB (publ) for SEK 38/share in cash. The offer is comparable to a 3.8% acquisition premium compared with the share’s buying price on the last trading day before the offer was made public.
To assess the JCE bid and determine if Cybercom has other possible options, Cybercom’s board appointed Erneholm & Haskel as its financial advisor and the Lindahl law firm as its legal advisor.
”The current situation triggered a process in which the board must evaluate the JCE bid and investigate opportunities for alternative offers – to ensure the best-possible value for all of Cybercom’s shareholders,” says Per-Eric Fylking, Cybercom’s board chairman.
Cybercom’s board intends to submit a recommendation to the company’s shareholders by 10 November 2006, i.e., in sufficient time before the validity period of the JCE bid ends on 21 November 2006 (preliminary).
For more information, please contact: Phone
Per-Eric Fylking, Cybercom’s board chairman + 46 70 320 60 70
Kristina Svensson, communications manager + 46 70 864 47 02