JBF Finance tender offer for Bobst Group

JBF has announced that it will pay USD 80.91 in cash per Bobst Group share, which represents a premium of 22 percent compared to the average price of the last four weeks. The offer is not subject to substantial conditions.

Following completion of the offer, JBF expects to be able to take Bobst Group private through a delisting of its shares from SIX Swiss Exchange to allow the company to focus on long-term and sustainable growth.

According to the Bobst, this offer will give the company the appropriate conditions to deploy a long-term strategy, to execute its digital transformation, and to maintain its strong Swiss industrial activities.

According to the transaction conditions, Bobst Group will continue to be managed by independent board members and family board members, as it is today. It will also benefit from the best possible conditions to transform the business into a digitized, connected and sustainable packaging supply chain. JBF is committed to the long-term legacy of the fifth generation of families and to sustaining the industrial base of Switzerland. The company will also offer shareholders have the opportunity to realize their investment at an attractive price.

The Board of Directors of Bobst Group, represented by the Committee of Independent Directors, has reviewed the offer, is convinced of the business rationale of the transaction and welcomes the possibility for shareholders to tender their shares at a premium.

Publication of offer prospectus, including the report of the Board of Directors is expected by September 5, 2022 with offer settlement estimated for beginning of November 2022.