Acquisition | CONCENTRIC AB | 28th October 2024
Initially announced on August 29, 2024 CIRCLE BIDCO APS made a cash offer for CONCENTRIC AB of SEK 230 per CONCENTRIC AB share held. On October 23, 2024, CONCENTRIC AB announced CIRCLE BIDCO has become the owner of more than 90 per cent of all shares in CONCENTRIC. As such, the CONCENTRIC AB board of directors has applied for delisting of the shares in CONCENTRIC from Nasdaq Stockholm. The last day of trading in the shares in CONCENTRIC on Nasdaq Stockholm will be November 7, 2024. As the free float has dropped below 15 percent, Solactive will remove CONCENTRIC AB from the indices effective 28 October 2024.
The treatment below will be applied to the following indices:
- CONCENTRIC AB will be removed from the Index.
- The weight of CONCENTRIC AB (CONIC.ST) based on its last close price will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 28/10/2024
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