CRAYFISH BIDCO OY, A FINNISH COMPANY CONTROLLED BY TRITON FUND V, ANNOUNCES A VOLUNTARY PUBLIC CASH TENDER OFFER FOR ALL THE SHARES IN CAVERION CORPORATION
HELSINKI, Finland, Jan. 10, 2023 /PRNewswire/ -- Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), hereby announces a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation ("Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer"). The shareholders of Caverion (other than Caverion or its subsidiaries) will be offered a cash consideration of EUR 8.00 for each Share validly tendered in the Tender Offer (the "Offer Price").
- HELSINKI, Finland, Jan. 10, 2023 /PRNewswire/ -- Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), hereby announces a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation ("Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer").
- The Offer Price under the Tender Offer is EUR 8.00 in cash for each Share validly tendered in the Tender Offer, subject to any adjustments as set out in section "The Tender Offer in Brief" below.
- The Offeror believes that the Tender Offer is a superior alternative to the shareholders of Caverion as compared to the pending Bain Capital Offer.
- The Offeror expects to publish a tender offer document (the "Tender Offer Document") with detailed information on the Tender Offer on or about 30 January 2023.