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Above range takeover price according to the board of directors | TheGreekDeal.com
EPSILON NET GROUP
Above range takeover price according to the board of directors
The Board of Directors of Epsilon Net states that the price offered in the public offer for the company, at €12, is fair and reasonable because it exceeds the financial advisor's recommended price range of €9.77–€10.75 per share.
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Yiannis Michos, CEO Epsilon Net

The offered price in the public offer for Epsilon Net, at €12, is fair and reasonable as it is above the price range determined by the financial advisor (€9.77–€10.75 per share), according to the reasoned opinion of the Board of Directors of the listed company. 

In particular, as the Board of Directors states, the business plans of the proponent for the company, as derived from the contents of the prospectus, are assessed positively as it is considered that they will contribute to ensuring the continuation of the company's operations and its further growth under the same business principles.

The fact that the Company's share capital will be held by the globally renowned investment group General Atlantic, as well as with an increased stake by NBG, is expected to have a positive impact on the Company's financial strength and business development, while the fact that the Company, in the event of a successful outcome of the Public Offer, will cease to be listed on the Athens Exchange is also expected to have a substantial impact on its daily operations, as it will free up resources that will be redirected to the production of

Given the statements made by the proponent in the information memorandum, the public offer is not expected to adversely affect the interests of the company and will not have an adverse impact on the total number of employees of the company or the terms and conditions of their employment. The public offer provides the company's shareholders with the opportunity to disinvest for a consideration that meets the conditions set out in Article 9 paras. 4, 6, and 7 of the law.

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