Saab has purchased 5.3 percent in Celsius
03 December 1999
Yesterday Saab AB purchased 104,654 B-shares in Celsius AB. Following this
purchase Saab owns a total of 1,489,430 B-shares, representing approximately
5.3% of the share capital and approximately 2.7% of the total votes in
Saab's intention is to purchase all outstanding shares in Celsius as stated in
its offer to the shareholders in Celsius that was announced on 16 November
1999. According to the offer Saab is offering SEK 179 in cash for each A- or
B-share in Celsius AB. The acceptance period will remain open from 6 December
1999 to 23 February 2000 and the estimated first date of payment is 3 March
Since the announcement of the offer to the shareholders in Celsius on 16
November 1999, Saab has purchased a total of 1,489,430 B-shares representing
5.3 percent of the share capital and 2.7 percent of the total votes in
Celsius. Saab owns no A-shares in Celsius.
The shares have been purchased at an average price of 174 per share,
representing a total of approximately SEK 260 million.
Saab neither owned nor controlled any shares in Celsius prior to the
announcement of the offer to the shareholders in Celsius on 16 November 1999.
The European defense industry is characterized by intensive competition and
rising research and development costs. This has resulted in increased
consolidation and internationalization of the industry. Together, Saab and
Celsius will create the leading Nordic defense company based on existing core
activities with focus on defense systems and electronics, military aircraft
and guided weapons. The company will also strengthen its position in the
growing support services market.
For further information, please contact:
Agneta Kammeby, Investor relations, Saab AB tel +46 13 18 71 25
Please visit http://www.bit.se for further information
The following files are available for download:
Last updated: 23 January 2015 • 14:43