Successful Tender Offer of Cadbury Schweppes for Sansei Foods
As the number of shares tendered is above the minimum amount set for the tender offer to be valid, Cadbury Schweppes will purchase these shares at a total cost (before expenses) of ¥13.2 billion (approximately £55 million).
23/07/07 Further to its announcement of 18 June 2007, Cadbury Schweppes is pleased to announce that, at the closing of its tender offer for the shares of Sansei Foods Co., Ltd. on 19 July 2007, 4,803,772 Sansei Foods shares, representing 96.08% of its issued share capital, had been tendered.
As the number of shares tendered is above the minimum amount set for the tender offer to be valid, Cadbury Schweppes will purchase these shares at a total cost (before expenses) of ¥13.2 billion (approximately £55 million).
Following completion of the tender offer, Cadbury Schweppes will take procedures prescribed under Japanese law to acquire 100% of Sansei Foods' shares and delist the shares in accordance with the delisting standards of the Hercules Index of the Osaka Stock Exchange.
