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Qt Group Buys IAR Systems Group

10 hours ago
https://www.qt.io/stock/qt-completes-the-recommended-public-cash-offer-to-the-shareholders-of-iar-systems-group-1760351460000-3668995
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  • #Acquisition
  • #Stock Market
  • #Corporate Finance
  • Qt Group Plc completed a public cash offer for I.A.R. Systems Group AB shares at SEK 180 per share.
  • 94.49% of IAR shareholders accepted the offer, giving Qt control over the majority of shares and votes.
  • The acceptance period is extended until 27 October 2025 for remaining shareholders to tender their shares.
  • Qt plans to initiate compulsory redemption for untendered shares and delist IAR from Nasdaq Stockholm.
  • Juha Varelius, Qt's CEO, expressed enthusiasm about the acquisition and future collaboration with IAR.
  • Financial advisors for the deal include Nordea Bank Abp and Stifel Nicolaus Europe Limited.
  • The offer is not available in certain jurisdictions due to legal restrictions.
  • U.S. shareholders are advised to consult tax professionals regarding the tax implications of the offer.
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