SUSE SUSE SA

By Pierre Bertrand

Suse said late on Thursday that its majority shareholder intends to delist the company from the Frankfurt Stock Exchange, taking the company private through a merger into an unlisted Luxembourg entity.

Shareholder Marcel--a holding company legally controlled by fund entities of the EQT VIII fund, itself controlled by Stockholm-based EQT AB--holds approximately 79% of the shares in the company, Suse said.

EQT Private Equity intends to launch a voluntary public purchase offer for the remainder of the Suse shares for 16 euros ($17.40) a share, to be paid by Marcel, Suse said.

Suse added that its management and supervisory boards both support the deal and that it has entered into a transaction framework agreement with Marcel to facilitate the deal, which includes Suse paying an interim dividend to its shareholders.

"EQT Private Equity doesn't intend to pursue a squeeze-out. Therefore, shareholders who wish to stay invested in Suse in a private setting may do so," Suse said.

The settlement of the offer is expected in the first half of October 2023. An extraordinary Suse general meeting will then take place in the fourth quarter of 2023 regarding the planned merger.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

August 18, 2023 02:29 ET (06:29 GMT)

SUSE (TG:SUSE)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

SUSE (TG:SUSE)
Historical Stock Chart
Von Jun 2023 bis Jun 2024