Flybird Holding, a major player in the investment sector, has officially announced a public purchase offer for shares of Musti Group, a leading company in the pet supply industry.
In a recent report by Must Group, it was revealed that Flybird Holdingin and Sonaen have increased their total share in the company to a substantial 15.85 percent, marking a significant development in the pet supply industry.
The announcement further elaborates that Sonae, a major stakeholder in Flybird Holding, now owns that 15.85 percent of the company, thus establishing a strong position in the market.
Flybird Holding, as detailed in the release, has successfully acquired shares in public trading following the purchase offer it made for Musti Group’s shares, signifying a strategic move towards a more dominant stake in the company.
With the shares acquired by Flybird Holding through one purchase offer and public trading, they now represent an impressive 50.10 percent of all Musti Group shares and votes, indicating a major shift in the company’s ownership structure.
In a recent press release, Musti Group clarified that the number of shares announced in the final result of the takeover offer on February 20 does not include the shares acquired by Flybird Holding on or after the publication date of the final result of the takeover offer, i.e., on or after February 20.
Flybird Holding, in its strategic move, has purchased Musti Group’s shares in public trading at a price that has not exceeded the price specified in the purchase offer, which was made in connection with its voluntary public purchase offer.
On February 20, 2024, Flybird Holding Oy announced the final result of the purchase offer, which confirmed that it has acquired a significant 42.99 percent of all shares and votes.
Addendum 22.2. at 7:19 p.m.: There has been a clarification regarding the number of holdings.
