CRAYFISH, BIDCO

Crayfish BidCo Oy Finland

12.01.2023 - 18:21:02

CRAYFISH BIDCO OY HAS PURCHASED 13,647,263 SHARES REPRESENTING A 9.9 PERCENT STAKE IN CAVERION CORPORATION

Triton believes in the superiority of its offer of EUR 8.00 per share, representing a 14.3 percent premium compared to the pending voluntary public tender offer for all issued and outstanding shares in Caverion by the consortium led by Bain Capital.Crayfish BidCo Oy has today acquired 13,647,263 shares in Caverion, approximately 9.9 percent of all outstanding shares in the company, signaling Triton's strong commitment to the tender offer.The transaction will enable Caverion to continue its transformation strategy to sustainably improve its long-term performance and allows all current shareholders of Caverion to be appropriately rewarded for the improvements that Caverion has already delivered. Triton does not anticipate any material substantive issues to the completion of the tender offer, which is expected to occur during the third or fourth quarter of 2023, and shareholders who have validly tendered their shares will be compensated for the longer time period to completion through the offer price accruing interest at the rate of 3.00 percent per annum from the beginning of July 2023 onwards if the tender offer is not declared unconditional before then.Triton is seeking the support of Caverion's Board of Directors and shareholders and looking forward to engaging with the Caverion Board of Directors on delivering a successful outcome to all Caverion shareholders, employees and customersView original content:https://www.prnewswire.co.uk/news-releases/crayfish-bidco-oy-has-purchased-13-647-263-shares-representing-a-9-9-percent-stake-in-caverion-corporation-301720596.html

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