AccorHotels Acquisition

AccorHotels Raises the Price Offered in Its Tender Offer for Orbis Shares to a Final PLN 95.0 Per Share

AccorHotels

On November 26, 2018, AccorHotels launched a Tender Offer for the acquisition of the 21,800,593 shares of Orbis it did not own on the day of the announcement, representing 47.31% of the share capital, at a price of PLN 87.0.

AccorHotels announces today a final increase of the offered price from PLN 87.0 to PLN 95.0. Other terms and conditions of the Offer remain unchanged.

PLN 95.0 represent:

  • a premium of 30.5% to the closing price of Orbis shares on November 23, 2018 (last close price before the Offer announcement),
  • an increase of 9.2% above the previous offered price of PLN 87.0.

The Offer remains unconditional. In accordance with the Tender Offer circular, the subscription period of the Offer ends on January 18, 2019.



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