Report
Robert Jan Vos

Beter Bed Holding N.V. : Recommended all-cash offer of € 6.10/share by Torqx: we advise to accept

>Torqx is offering a 107% premium over the closing price of last Friday - Monday morning Beter Bed and Torqx announced they reached a conditional agreement on an intended all-cash public offer for all Beter Bed’s outstanding shares for € 6.10/share. Beter Bed’s executive board and supervisory board are supporting the offer. The transaction is supported by Beter Bed’s three largest shareholders (Navitas, Teslin, and De Engh), together holding 44.32% of the shares. At t...
Underlying
Beter Bed Holding N.V.

Beter 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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Robert Jan Vos

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