Bobst Shares (Cont’d from Page 3)
rights in the company. JBF has announced that it will pay CHF 78.- in cash per Bobst Group share, which represents a premium of 22 percent com- pared to the average price of the last five weeks. The offer is not subject to substantial conditions. Following completion of the offer, JBF expects to be able to take Bobst Group private through a delisting of its shares from SIX Swiss Exchange to allow the company to focus on long-term and sus- tainable growth. This offer will give the company the appropriate conditions to deploy a long-term strategy, to exe- cute its digital transformation, and to maintain its strong Swiss industrial activities. Transaction highlights, according to those in- volved, include: • Bobst Group continues to be managed by in- dependent board members and family board mem- bers, as it is today; • Bobst Group will enjoy the best possible con- ditions to transform the business into a digitized, connected and sustainable packaging supply chain; • JBF is committed to the long-term legacy of the 5th generation of families and to sustaining the in- dustrial base of Switzerland; • Shareholders have the opportunity to realize their investment at an attractive price. The Board of Directors of Bobst Group, repre- sented by the Committee of Independent Directors, has reviewed the Offer, is convinced of the business rationale of the transaction and welcomes the pos- sibility for shareholders to tender their shares. Expected Timeline: • September 5, 2022: Publication of offer prospec- tus, including the report of the Board of Directors. • September 20 to October 3, 2022: Main offer period. • October 10 to 21 October 21, 2022: Additional acceptance period. • Beginning of November 2022: Offer settlement. Kodak Signs Graphco As Reseller Graphco, headquartered in Cleveland, Ohio, has been named as a new reseller for Kodak. Graphco will distribute Kodak’s complete portfo- lio of prepress, CTP, digital and inkjet printing and software solutions as well as printing plates. Established in 1976, Graphco covers 19 states from the north through the Midwest to the south- eastern United States.
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