NEWS: Offer Update
MariaDB plc (NYSE: MRDB) announced that Meridian BidCo , an affiliate of K1 Investment Management, , has completed its unsolicited offer to purchase all issued and to-be-issued ordinary shares of MariaDB. As of July 23, 2024, the offer became unconditional and closed to further acceptances. Bidco received valid acceptances for 61,263,283 MariaDB shares, representing 88.70% of the issued share capital as of July 22, 2024. The cash consideration for valid acceptances is expected to be settled on July 25, 2024. Bidco intends to apply for compulsory acquisition of remaining outstanding shares not acquired through the offer, following the same terms. Compulsory acquisition notices will be sent to non-assenting shareholders, with a 30-day period for potential Irish High Court applications.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Spread kindness and love. Life is short. Don’t let greed eat you.
1100Followers
69Following
7631Visitors
Follow