Blackstone Real Estate and MRP Group Announce Extension of 100% Cash Tender Offer for Terrafina
As the only announced all-cash tender offer, this transaction would provide substantial and immediate value for Terrafina’s shareholders and avoids the uncertainty regarding the potential tax consequences associated with competing exchange offers.
In accordance with the terms of the Offer to Purchase, if 50% plus one of the outstanding Terrafina certificates have not been validly tendered and accepted by the offer expiration date, and assuming that no material change is being made concurrently to the terms of the offering, the tender offer period is automatically extended for successive periods of one business day, unless the offeror provides notice that the automatic extension will not apply. This extension of the tender offer does not result in withdrawal rights.
Terrafina certificates may be tendered at any time until 14:00
The all-cash tender offer represents a premium of 27% over the unaffected price per Terrafina certificate at the close of trading on
With a track-record of over 50 successful public company transactions,
Complete terms and conditions of the tender offer are set forth in the Offer to Purchase as supplemented by the Supplemental Notice (Aviso de Oferta). Please see below for information on how to obtain the Offer to Purchase and the accompanying Letter of Acceptance, and for who to contact with any questions regarding the tender procedures.
About
About
About the Offeror
The tender offer is being made by
Copies of Offer to Purchase and Tender Offer Queries
A copy of the Offer to Purchase and the Supplemental Notice (Aviso de Oferta) are available free of charge in English at the following link: https://www.cibanco.com/es/cibanco/busqueda-emisoras-fiduciario?stock=47&series=29&idArea=servicio-fiduciarios
If you have questions regarding the tender offer or tendering procedures, please contact:
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Morgan Stanley Mexico,
Casa de Bolsa, S.A. de C.V. , acting as Dealer Manager, at +52 55 5282 6748 or via email at Miguel.Perez@morganstanley.com; or
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Morrow Sodali,
International LLC , acting as Information Agent, at +1 917 475 0281 or +1 800 269 4523 (inthe United States ) and +52 55 4169 6733 (inMexico ) or via email at opa@investor.morrowsodali.com.
Morgan Stanley & Co and Santander are serving as financial advisors to
Notice to Investors
This announcement is for information purposes only and does not constitute an offer or an invitation to acquire or dispose of any securities or investment advice or an inducement to enter into investment activity. The information in the press release is not intended to be complete. The tender offer is only being made pursuant to the Offer to Purchase. Holders of Terrafina certificates should read carefully the Offer to Purchase and accompanying documentation because they contain important information, including the terms and conditions of the tender offer.
This press release and any other document related to the tender offer may not be distributed, published, delivered and/or disseminated in any country where delivery and use would be contrary to applicable law. We have not authorized this press release or any other document related to the tender offer to be published, delivered, distributed and/or disseminated by third parties outside of
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements.” Forward-looking statements are not guarantees of future performance. Any forward-looking statements contained herein are based on current expectations and assumptions. Forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control. We do not undertake, or assume any obligation, to provide updates of or to revise any forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240801902219/en/
Jeffrey.Kauth@Blackstone.com
MRP:
Andrea González Chacón
agonzalezch@mrp.com.mx
Source: