ABG Sundal Collier is acting as financial advisor to the independent bid committee of Readly International AB (publ) in connection with the public cash offer from Tidnings AB Marieberg, a wholly-owned subsidiary of Bonnier News Group AB

On Monday, 5 December, Tidnings AB Marieberg (“Bonnier News”), a wholly-owned subsidiary of Bonnier News Group AB, announced a recommended public offer to the shareholders in Readly International AB (publ) (“Readly” or the “Company”) to tender all shares in Readly to Bonnier News at a price of SEK 12 in cash per share (the “Offer”). The independent bid committee of Readly has unanimously recommended the shareholders of the Company to accept the Offer.
Bonnier News is offering SEK 12 in cash per Readly share (the “Offer Price”), which values the issued share capital of Readly at approximately SEK 455 million. The Offer Price represents a premium of approximately:

• 59.3 per cent in relation to the closing price of SEK 7.535 for Readly’s shares on Nasdaq Stockholm on 2 December 2022, which was the last trading day before the Offer’s publication;
  • 70.0 per cent in relation to the volume-weighted average trading price of SEK 7.06 per share on Nasdaq Stockholm during the last 60 trading days prior to the announcement of the Offer; and
  • 60.1 per cent in relation to the volume-weighted average trading price of SEK 7.49 per share on Nasdaq Stockholm during the last 120 trading days prior to the announcement of the Offer.

This is ABG Sundal Collier’s third transaction with Readly, following the pre-IPO placement in 2019 and the IPO in 2020, where ABG Sundal Collier acted as Sole Global Coordinator