StageAcq - P2P | Acquired
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Latest Nordic ID News
Jun 23, 2021
Nordic ID Oyj public takeover by Brady Corporation – First ever Nasdaq First North Finland public bid Translink advised Nordic ID in the first ever Nasdaq First North cash offer in Finland. On April 15, 2021, Brady S.à r.l, a wholly owned subsidiary of Brady Corporation, announced a public offer recommended by the Board of Directors of Nordic ID Oyj for all shares in Nordic ID Oyj. The Board of Directors of Nordic ID Corporation recommended that the shareholders accept the tender offer based on the Fairness Opinion provided by Translink Corporate Finance Oy. The offer reached a 92,91% acceptance level on May 19th, making the offer unconditional. Jorma Lalla, Chairman of the Board of Nordic ID Corporation, stated: “All members of the Board of Directors were truly impressed by the quality, details and reliable recommendations of Translink during the preparation and execution of the takeover project.” Brady S.à r.l. and Nordic ID Plc have signed a combination agreement on April 15, 2021, pursuant to which Brady will make a voluntary public tender offer recommended by the Board of Directors for all issued and outstanding shares of Nordic ID that are not held by Nordic ID or its subsidiaries. In the tender offer, Nordic ID shareholders will be offered a cash consideration of EUR 3.30 per share, which equates to a total tender offer of approximately EUR 8.1 million and an enterprise value of approximately EUR 10.2 million. The members of Nordic ID’s Board of Directors have unanimously decided to recommend to Nordic ID’s shareholders the acceptance of the Tender Offer. Juuso Lehmuskoski, President and CEO of Nordic ID Corporation, commented: “The team, led by Sami Miettinen, managed the confidential transatlantic process with impressive precision and in accordance with The Helsinki Takeover Code at all times.” The offer consideration for the tender offer includes a premium that is: approximately 26.0 percent compared to the closing price of the Shares on the Nasdaq First North Growth Market on April 14, 2021, i.e. on the last trading day prior to the announcement of the Tender Offer; approximately 31.7 percent over the six (6) month volume-weighted average price of the Shares on the Nasdaq First North Growth Market; and approximately 36.1 percent over the twelve (12) month volume-weighted average price of the Shares on the Nasdaq First North Growth Market. Contact our deal team in Finland for more information: Sami Miettinen, Partner: firstname.lastname@example.org
Nordic ID Frequently Asked Questions (FAQ)
When was Nordic ID founded?
Nordic ID was founded in 1986.
Where is Nordic ID's headquarters?
Nordic ID's headquarters is located at Joensuunkatu 7, Salo.
What is Nordic ID's latest funding round?
Nordic ID's latest funding round is Acq - P2P.
Who are the investors of Nordic ID?
Investors of Nordic ID include Brady Corporation.
Who are Nordic ID's competitors?
Competitors of Nordic ID include Keonn Technologies.
Compare Nordic ID to Competitors
Keonn Technologies offers modular RFID products and systems to system integrators: antennas, multiplexers, readers, smart shelves, loss prevention systems, floor mats with integrated antennas, fitting room systems, RFID point of sales, and RFID Kanban boards.
Nedap is an RFID and electronics company.
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