Update as of 14 July 2022
In a media release dated 06 July 2022, the company Acorn HoldCo Inc. has announced that all offer conditions of the tender offer to the shareholders of Adva Optical Networking SE had been fulfilled and that the transaction would be settled. Accordingly, the affected options contracts will be adjusted as described in the Corporate Action Info 001. The adjustment will be effective 15 July 2022.
The details of the adjustment to the contracts are set out once more in Corporate Action Info 003 available for download below.
The companies Adva Optical Networking SE entered into a business combination agreement in order to merge both companies under a new Holding. Therefore, Adtran has launched a voluntary public takeover offer, whereby Adva Optical Networking SE shareholders are offered 0.8244 Acorn HoldCo shares which shall be listed at the Frankfurt Stock Exchange per one existing Adva Optical Networking SE-share. The Offer period ends on 12.01.2022.
More information about this transaction is available on the company`s website under www.acorn-offer.com.