On July 9, 2013 the Bank of Lithuania registered the circular of the official mandatory tender offer to buy up shares in Vilniaus baldai, AB, one of the biggest Lithuanian furniture producers.
Investment companies Invalda LT, AB and Invalda Privatus Kapitalas, AB as well as their shareholders holding together 73.87 shares in Vilniaus Baldai, AB are cooperating in rendering the tender offer.
The tender offer price is EUR 14.869 (LTL 51.34) per share.
Each shareholder of Vilniaus baldai, AB has to take a decision: sell his shares on the stock exchange, accept the tender offer or stay with the Company”,- said Aidas Mackevičius, the General Manager of Vilniaus baldai, AB.
According to him, Invalda LT, AB has initiated dividend payment for the period which ended on June 30, 2013. The Board of the Company is obliged to convene a General Meeting of Shareholders on this question until September 30, 2013.
The total amount of EUR 15.1 million (LTL 52.137 million) may be paid for 26.13 percent of the shares in Vilniaus Baldai, AB.
It is assumed that Invalda LT, AB may acquire 12.72 percent of shares in Vilniaus Baldai, AB for the value of EUR 7,352 million (LTL 25.385 million). Invalda Privatus Kapitalas, AB will acquire the remaining shares.
The implementation of tender offer will start on July 15, 2013 and will last for 14 days.