Business News
Shareholders whose aggregated ownership in Tamfelt Corp. is 51.66 per cent have undertaken to accept Metsos exchange offer
Tuesday 24. November 2009 - Metso Corporations exchange offer for Tamfelt Corp.s shares and stock options commenced on November 23, 2009 at 9:00 a.m. (Finnish time). By now, shareholders, whose aggregated ownership in Tamfelt Corp. is 51.66 per cent, have undertaken to accept Metsos exchange offer.
Metso announced in the share exchange offer document and listing particular published on November 20, 2009 that certain shareholders of Tamfelt (Ilmarinen Mutual Pension Insurance Company, Varma Mutual Pension Insurance Company, Tapiola Mutual Pension Insurance Company, Mandatum Life Insurance Company Limited, Kaleva Mutual Insurance Company as well as certain institutional and private shareholders), whose aggregated ownership in Tamfelt is 45.32 per cent of shares (including the 2.82 per cent ownership of Tamfelt held by Metso), had irrevocably and unconditionally undertaken to accept the share exchange offer. After this, Metso has received corresponding undertakings from certain other owners, whose aggregated ownership in Tamfelt is 6.34 per cent. Accordingly, shareholders in Tamfelt (including Metso), whose aggregated ownership in Tamfelt is 51.66 per cent, have irrevocably and unconditionally undertaken to accept Metsos share exchange offer.
The offer period for the share exchange offer preliminarily expires on December 18, 2009 at 4:00 p.m (Finnish time).