date:Jul 18, 2012
Carlsberg launched its voluntary offer to purchase shares in Baltika Breweries on June 1 2012 - at RUB 1,550 (38.9) per share, a 26% premium to the firm's February 19 share price - with the offer due to expire on August 9 2012.
If shareholders do not accept the offer ahead of its expiry on 9 August 2012 and if Carlsberg does not achieve 95% ownership, Carlsberg Group may withdraw the offer and shareholders will miss the opportunity to sell at the current voluntary offer price,the company said.