Norwegian food and consumer goods firm Orkla says it has received 97.0% acceptance of its offer for Finnish listed snack company Chips.
“The preliminary results show that shareholders who, together with Orkla, own a total of approximately 97.0 % of the shares and 98.1 % of the votes had accepted the offer at the end of the offer period,” Orkla said. The offer period expired on 4 March 2005.
“All of the necessary official approvals for completion of the offer have been received. Orkla has therefore decided to complete the offer provided that the stipulated conditions have still been met when the final result of the offer is known,” it said.