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an indirectly wholly-owned subsidiary of Schweitzer-Mauduit International, Inc. to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006
On 27 January 2021, the boards of Scapa Group PLC ( Scapa ) and AMS Holdco 2 Limited ( SWM Bidco ), an indirectly wholly-owned subsidiary of Schweitzer-Mauduit International, Inc ( SWM ) jointly announced that they had reached agreement on the terms of a recommended cash offer pursuant to which SWM Bidco would acquire the entire issued and to be issued share capital of Scapa (the Offer ). On 8 March 2021 the boards of Scapa and SWM Bidco announced the agreement on the terms of a revised recommended cash offer increasing the offer price from 210 to 215 pence per Scapa Share (the Revised Offer ) to be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the Scheme ). ....
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On 27 January 2021, the board of directors of AMS Holdco 2 Limited ( SWM Bidco ), an indirectly wholly-owned subsidiary of Schweitzer-Mauduit International, Inc. ( SWM ), and the board of directors of Scapa Group plc ( Scapa ), announced (the Offer Announcement ) their agreement on the terms of a recommended cash offer by SWM Bidco for the acquisition of the entire issued and to be issued ordinary share capital of Scapa (the Offer ). The Offer is to be implemented by means of a scheme of arrangement under Part 26 of the Companies Act.
Capitalised terms used and not defined herein have the meaning given to them in the Scheme Document in respect of the Offer published and made available to Scapa Shareholders on 22 February 2021, which stated that each Scheme Shareholder would be entitled to receive, for each Scheme Share, 210 pence in cash. ....
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SWM SWM”), and the Directors of Scapa Group plc (“ Scapa”) are pleased to announce that they have reached agreement on the terms of a recommended cash offer by SWM Bidco for the acquisition of the entire issued and to be issued ordinary share capital of Scapa (the “ Offer”). The Offer is intended to be effected by means of a scheme of arrangement under Part 26 of the Companies Act (the “ Scheme”). for each Scheme Share 210 pence in cash The terms of the Offer value the entire issued and to be issued ordinary share capital of Scapa at approximately £402.9 million on a fully-diluted basis and represent premia of approximately: ....