Money Makers Mentor

NIBC and Blackstone Amend Offer for Takeover

Today it was announced that the Blackstone Group Inc. and NIBC Bank N.V. have agreed to proceed with the amended recommended all-cash offer for each of NBIC’s shares from Blackstone. The companies anticipate that the offer period will commence early August. The settlement of the offer will take place within 2020.

Under the terms of the amended offer, public shareholders will receive EUR 7.53 per share, as they will also obtain EUR 0.53 per share for the prior final divide

If Blackstone acquires at least 95% of the Shares, the Blackstone and NIBC intend to terminate the listing of the shares on Euronext Amsterdam as soon as possible. Subsequently, the Blackstone will commence statutory squeeze-out proceedings to obtain 100% of the shares.

NIBC and Blackstone agreed on the terms of…

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