The Board of Directors of SQLI issues a favourable opinion on the proposed tender offer initiated by DBAY Advisors
SQLI, the European digital services group, announces the favourable reasoned opinion of the Board of Directors on the proposed tender offer (the “Offer”) initiated 23 September by DBAY Advisors (“DBAY”), holding 28.6% of the capital and 26.7% of the voting rights of SQLI (FR0011289040 - SQI) (“SQLI” or the “Company”) on SQLI shares that it does not yet hold at the price of €31 per share.
SQLI is in line with its guidance for Q3 2021.
European digital services group SQLI has announced growth in consolidated revenues of 5% for the first nine months of the year1. The Group confirms its full-year guideline.
DBAY Advisors announces a price increase of its proposed tender offer to acquire SQLI shares
Price of the all-cash offer proposed by DBAY to be increased to €31 per share, representing a premium of 40% over the average closing share price weighted by daily volumes for the last twelve months preceding announcement.
A shareholder representing 9.4% of the share capital has undertaken to tender its shares into the offer.