The takeover bid (takeover bid) that the firm Esadincoowned by the Sarmiento Angulo family, ended yesterday on a participation of BAC Holding International Corp (BHI) exceeded the compliance of the maximum goal setalthough at the close of this edition it had not been confirmed whether the firm that proposed the operation would buy the excess paper over the maximum objective.
(See: Opa on BHI will begin on Monday, April 25).
According to data from the Mercantile Registry, Esadinco is dedicated to “other fund distribution activities”.
According to a report from the Colombian Stock Exchangethe acceptances reached 12,954,963,232 shares, which represented 119.9% of the proposed objective, which was to acquire at least 2,161,009,127 common shares and a maximum of 10,805,045,633 common shares. shares of the publicly traded company.
(See: BHI, new share on the Stock Market, after the Rendifin takeover bid).
These last amounts represent a minimum percentage of 5% and a maximum of 25% of the subscribed, paid and outstanding ordinary shares of BAC Holding Internationall, whose purchase price per share was $293.
In total, 1,829 shareholders of BHI made availablen Esadinco’s shares and based on the 43,220,182,532 shares in circulation, the buyer would keep 29.97% of the company over which the takeover bid was made. If Esadinco buys all the shares, it would pay $3.79 billion.
(See: Spin-off of BHI generated value for Grupo Aval shareholders).
According to sources of the Colombian Stock Exchangeif the client who raised the takeover bid does not decide to release the maximum amount that he had proposed to buy, no bulletin will be published and Consequently, what will happen is that the maximum amount will be awarded. pro rata, without taking into account acceptances under the all or nothing modality.
(See: A new operation to acquire BHI shares is coming).
The action of BAC Holding International (BHI)was listed on the Colombian Stock Exchange, since April 19 and has as its liquidity maker Credicorp Capital, a company of the Credicorp Group, of Peruvian origin.
BRIEFCASE
