Aabenraa, Denmark, 2013-12-02 14:30 CET (GLOBE NEWSWIRE) --
On 21 November 2013 Sydbank A/S ("Sydbank") published a tender offer document ("Tender Offer Document") regarding a voluntary recommended public tender offer to the shareholders of DiBa Bank A/S for the purchase of all shares in DiBa Bank A/S against a consideration in cash of DKK 145 per share of DKK 20 nominal ("Tender Offer").
According to item 3.7 of the Tender Offer Document, the Tender Offer is subject to a number of terms and conditions, for instance that Sydbank A/S obtains all necessary approvals and licenses from the relevant competition regulators.
On 2 December 2013 the Danish Competition and Consumer Authority approved the acquisition by Sydbank of up to 100% of the shares in DiBa Bank A/S whereby the above terms and conditions on approvals and licenses from the relevant competition regulators have been observed.
As previously mentioned the Tender Offer will expire on 19 December 2013 at 21.00 (local time) unless the tender period is extended.
