Beter Bed Holding - All-cash bid of EUR 6.10 per share
Torqx partners intends to bid EUR 6.10 (cum dividend) in cash for Beter BedThe boards support the bid, 44% of shareholders have irrevocably committedTorqx supports Beter Bed's strategy and commits to keep the company in its current form for 2.5 years, an acceptance level of >80% is requiredBeter Bed Holdings is a holding company. Through its subsidiaries, Co. operates in the European bedroom furnishings market and offers mattresses, box springs, bed bases, bedroom furniture, bed textiles and other related items. Co.'s activities include retail trade through 1,159 stores that operate via the chains Beter Bed (active in the Netherlands), Matratzen Concord (active in Germany, the Netherlands, Austria, Switzerland, Belgium and Poland), El Gigante del Colchon (active in Spain), BeddenREUS, Dormaeel and Slaapgenoten (all three active in the Netherlands) and MAV (active in Germany). Co. is also active in developing and selling branded products in the bedroom furnishings sector.
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