By : Basel Khaled
global quality assurance and risk management provider DNV AS (“DNV” or the “Offeror”) and cyber security services company Nixu Corporation (“Nixu” or the “Company”) have, on February 16, 2023, entered into a combination agreement (the “Combination Agreement”) pursuant to which the Offeror will make the voluntary recommended public cash tender offer for all the issued and outstanding shares (the “Shares” or, individually, a “Share”) that are not held by Nixu or any of its subsidiaries, and the issued and outstanding stock options (the “Stock Options”) in Nixu (the “Tender Offer”).
DNV aims to join forces with Nixu to create a leading European cyber security services provider, drawing on complementary strengths to create a platform for future growth.
The Finnish Financial Supervisory Authority has today approved the Finnish language version of the tender offer document relating to the Tender Offer (the “Tender Offer Document”).
The offer period for the Tender Offer will commence on February 28, 2023, at 9:30 a.m. (Finnish time) and expire on April 17, 2023, at 4:00 p.m. (Finnish time), unless the offer period is extended or any extended offer period is discontinued as described in the terms and conditions of the Tender Offer (the “Offer Period”).
The Tender Offer is currently expected to be completed during the second quarter of 2023. The Offeror will extend the Offer Period in accordance with, and subject to, the terms and conditions of the Tender Offer and applicable laws and regulations, to the extent necessary in order to satisfy the conditions to completion of the Tender Offer, including, among others, the receipt of the relevant regulatory approvals. Any possible extension of the Offer Period will be announced by a stock exchange release.
