Tricorona Board of Directors recommends shareholders to accept the offer from Barclays
Tricorona's Board of Directors unanimously recommends shareholders to accept Barclays' offer to acquire all shares in Tricorona.
On 2 June 2010 Barclays PLC made a public offer to the shareholders of Tricorona AB to aquire all of the shares in Tricorona for a cash consideration of SEK8.00 per share. This offer is subject to the condition that Barclays becomes the owner of more than 90% of the total number of shares in Tricorona.
Barclays Capital is the investment banking division of Barclays and provides large corporate, government and institutional clients with a full spectrum of solutions to their strategic advisory, financing and risk management needs. Barclays Capital has offices around the world, employes over 23,000 people and has the global reach, advisory services and distribution power to meet the needs of issuers and investors worldwide. Barclays Capital is also acknowledged to be one of the leading players in the major commodity asset classes. As one of the leading providers of commodities solutions, Barclays Capital fields a global commodities team comprising 350 trading, sales and research professionals.
As part of the Tricorona Board's evaluation of the offer, Carnegie Investment Bank AB has been retained as a financial advisor and Mannheimer Swartling Advokatbyrå AB as legal advisor. The Board notes that Barclays places great value on Tricorona's management and employees and that Barclays expects that the offer will provide a platform for Tricorona to further develop its activities through the market position of Barclays as one of the world's largest participants in the market for environmental related instruments.
Tricorona's Board of Directors unanimously recommend the shareholders to accept the offer.
Stockholm June 2nd, 2010
