The original offer made on 11 February 2013 was SEK 310 in cash per share in Höganäs. 

The offer is conditional on, amongst other things, H Intressenter becoming the owner of more than 90% of the shares of Höganäs. H Intressenter has reserved the right to waive this and other completion conditions of the offer.

The acquisition is planned to be completed on or around 25 June 2013.

H Intressenter, which is jointly owned by Lindéngruppen and Foundation Asset Management Sweden, currently controls 34.4 % of the shares and 47.9 % of the votes of Höganäs. According to the company, it plans to “safeguard the excellent employee relations within Höganäs”. H Intressenter also supports Höganäs’ existing strategic plans and does not intend to have any material effects on employment and operations at the locations where Höganäs conducts its operations.
“In assessing the offer, the board of directors has taken into account a number of factors considered relevant. These factors include, but are not limited to, Höganäs’ current financial position, expected future development and potential and related opportunities and risks,” Höganäs said in a press release. “In addition to different financial analyses, the Board of Directors has also contacted industrial and financial parties to determine their potential interest in acquiring Höganäs. The Board of Directors notes that as of today there have been no concrete indications that a competing bid could materialise.”