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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Loews Corporation | NYSE:L | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.04% | 76.50 | 76.54 | 75.44 | 76.38 | 588,722 | 00:30:08 |
From May 2019 to May 2024
Norwegian information-technology company Evry ASA said Monday it has received a recommended 4.27 billion kroner ($597.5 million) takeover offer from Lyngen Bidco AS, a company indirectly owned by private-equity funds advised by Apax Partners LLP.
Evry has been carrying out a strategic review over the past few months to evaluate how best to move forward, and it said at the time that options could include a sale of the company.
Lyngen Bidco's 16-kroner-a-share offer represents a premium of 31% to the share price when Evry initially announced its strategic review.
Evry's two largest shareholders have undertaken to accept the offer. Posten Norge AS and Telenor Business Partner Invest AS together own 70.24% of Evry shares.
"I am confident that private ownership will benefit our next phase of profitable growth, and we are looking forward to accelerate and expand our strategy together with Apax," said Evry Chief Executive Terje Mjos.
Shares closed Friday at 17.20 kroner.
Write to Dominic Chopping at dominic.chopping@wsj.com
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