Boss Media’s Board of Directors approved the higher bid of SEK 25 per share after declining the SEK 19 per share offer.
Boss Media Chairman Meg Tivéus commented: “A combination between Boss Media and GTECH is industrially sound. We think the prerequisites for GTECH and Boss Media to create a competitive supplier alternative in an expansive industry are favourable. The revised cash offer presented by GEMed, as a consequence of the process conducted, means that Boss Media’s shareholders receive a substantially higher price for their shares compared to the share price prior to the initiation of the process.”
GEMed stated in its offer: “GEMed attributes great value to Boss Media’s management and employees and also intends to continue to safeguard the excellent relationship among Boss Media employees that is evident to GEMed. GEMed does not plan to implement any more significant changes with regard to employees or any significant changes for terms and conditions of employment. The above mentioned motives for the Offer are not considered to entail any significant effect on employment nor with regard to places where the operations of Boss Media are conducted.”
Calculators
