Intertrust confirms it has received multiple expressions of interest for a potential public cash offer; in discussions with all parties
22 November 2021 - 6:11PM
Intertrust confirms it has received multiple expressions of
interest for a potential public cash offer; in discussions with all
parties
Amsterdam, the Netherlands, – 22 November 2021
– Intertrust N.V. ("Intertrust" or the "Company") [Euronext:
INTER], a global leader in providing tech-enabled fund and
corporate solutions, notes the increase in price and volume of
Intertrust shares traded, and confirms that it has received
multiple expressions of interest from third parties after it
announced exclusive discussions with CVC Capital Partners on 12
November 2021. Each of these parties has submitted a conditional
and non-binding proposal in relation to an indicative cash offer
for all issued and outstanding shares of Intertrust at offer prices
ranging up to EUR 22 per share (cum dividend).
In accordance with their fiduciary duties, the Management Board
and the Supervisory Board of Intertrust are, together with their
financial and legal advisors, carefully reviewing and evaluating
all aspects of the conditional and non‑binding proposals. This
review and evaluation includes, amongst others, the strategic
merits, deal certainty and financial and non-financial aspects,
while taking into account the interests of Intertrust and all its
stakeholders, including its shareholders, employees and
clients.
Intertrust’s Management Board and Supervisory Board will
continue to engage in discussions with all parties that have
expressed their interest, ensuring a fair and thorough process with
the aim to reach the best outcome for the Company and all
Intertrust’s stakeholders, including its shareholders, employees
and clients, in accordance with their fiduciary duties.
The Company underlines that the outcome of the review and
discussions with these parties is uncertain and that there can be
no assurance that an agreement will be reached with any party, or
any public offer will be launched.
Further announcements will be made if and when appropriate.
This press release contains information that qualifies as inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
- 211122 PR - Intertrust confirms it has received multiple
expressions of interest for a potential public cash offer_in
discussions with all parties