The bidder said it has received acceptances for at least 46,967,074 shares after the offer period ended, clearing the 90% threshold and leaving no outstanding closing conditions to be obtained or waived.
Brødrene A. & O. Johansen A/S said it has obtained acceptances for at least 46,967,074 shares in Elektroimportøren AS, equal to about 92.5% of the company’s issued and outstanding share capital and voting rights on a fully diluted basis, following the expiry of its recommended voluntary cash offer at NOK 22 per share. The offer period ended at 16:30 CEST on 5 August 2026, and the bidder said that, subject to customary verification, it had crossed the 90% acceptance threshold by 07:30 CEST on 6 August 2026. The company had already announced on 22 July 2026 that it received regulatory approval from the Norwegian Competition Authority, satisfying the regulatory approval condition. It now said there are no outstanding closing conditions to be obtained or waived. Settlement remains subject to the other conditions in the offer document and is expected to be completed on 26 August 2026, no later than 15 business days after the announcement, unless the offer period is extended. Elektroimportøren’s board previously recommended shareholders accept the offer, saying it was in the best interests of the company and shareholders, and obtained a fairness opinion from ABG Sundal Collier ASA concluding the offer was fair from a financial point of view, subject to customary assumptions, qualifications and limitations.