The boards of neither OHI nor ODIM ASA, as the largest shareholder in OHI, want minority shareholders to feel uncertain about the valuation. The merger has accordingly been put on ice. A process for assessing the accuracy of the evaluation has been initiated.
ODIM ASA currently owns 84.5 per cent of the outstanding shares in OHI. Norsk Vekst ASA hold another 10 per cent, whilst other shareholders have 5.5 per cent. A stock exchange announcement of 2 July reported that the boards of ODIM ASA, ODIM AS and OHI AS proposed that OHI AS should be merged with ODIM AS. In an announcement of July 17th, it was also reported that the merger would be implemented as a group merger, with settlement in shares issued by ODIM ASA. The date for approving the merger plan was set for September 12th.
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