Alfa Laval amends recommended Neles tender offer, lowers acceptance condition to over 50%

Alfa Laval amended its recommended public cash tender offer for all shares of Finnish valve maker Neles, lowering the minimum acceptance condition to more than 50% and extending the acceptance period. The offer was first announced on 13 July 2020.

“Alfa Laval has decided to amend the minimum acceptance condition of the Tender Offer such that the completion of the Tender Offer is conditional on, among other conditions, the valid tender of shares representing... more than fifty percent (50%)”prnewswire.com

• 3 sources
• prnewswire.comAlfa Laval amends its recommended offer for Neles: acceptance level condition lowered to >50% and acceptance period extendedOct 15, 2020
• doi.orgAlfa Laval withdraws tender offer for NelesNov 1, 2020
• valmet.comPreliminary result of Alfa Laval’s recommended public tender offer for all shares in NelesNov 2, 2020

Summarized from public sources; check the original articles before acting on it.