The takeover bid for aplus opens a new chapter with the entry of Amber onto the playing field. The British fund stands up to Apollo and announces a takeover bid for Applus with an improvement in the offer to 9.75 euros, compared to 9.5 for the other. Investors thus find themselves with an offer that competes with Apax’s and is aimed at all of the shares with a premium of more than 3% compared to the price at the close of trading yesterday, which was around 9.46 euros. .
Consequently, the maximum amount to be paid for this voluntary takeover bid amounts to 1,258 million, which would be paid in cash, since, as reported to the National Securities Market Commission (CNMV), it has “debt and capital commitments.” to meet the consideration offered to Applus shareholders. Through Amber, the funds, ISQ and TDR have appointed Kroll Advisory as an independent expert to issue a valuation report.
In this document, the fund defends that the offer price is 4.95% higher than the listing price on June 28, the last business day before presenting the initial offer of 9.29 euros per security share. Applus and almost 8% with respect to the volume-weighted average trading price of the group’s shares during the month prior to the formulation of this offer.
