CVC Lowers Minimum Acceptance for Forbo Takeover
Zurich, Switzerland, March 21--Private equity group CVC Capital Partners has lowered its minimum acceptance threshold for a successful takeover of Forbo Holding AG to 50.01 pct of all outstanding shares, from 66.67 pct previously.
The decision will increase chances for a successful takeover of the Swiss floorings, adhesives and beltings group and is being supported by Forbo's board, CVC said.
Forbo Holding AG is currently the subject of a 260 sfr per share takeover offer by CVC unit AFB Investment SA.
Final results are expected to be published tomorrow.