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Alfa Laval AB to Discuss a Recommended Public Cash Tender Offer for All Shares in Neles Oyj Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to today's Alfa Laval update. (Operator Instructions) I also must advise that the call is being recorded today, Monday, the 13th of July 2020.
And without any further delay, I would now like to hand over to your speaker today, Mr. Tom Erixon. Thank you. Please go ahead.
()-&
Good afternoon, and welcome to our call regarding the announcement of Neles today. I know that a fair amount of you were present at our press conference earlier today. So we're going to do the presentation relatively quick, Jan Allde and myself, and then we go to the Q&A session.
Let me just reiterate a few important points. And I do it, as I said, schematically. The announcement was made today earlier at 7:30, our time. We've made a public offer, cash, EUR 11.50 per share, representing a 33% premium on the trading price as the market closed on Friday. We have irrevocable with Cevian supporting us. We also have a
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