Ahlstrom and Munksjö have resolved to complete the merger on March 31, 2017 in accordance with the merger plan. The registration of the execution of the merger is expected to take place on April 1, 2017.
The name of the combined company will change to Ahlstrom-Munksjö Oyj upon the registration of the execution of the merger.
According to the announcement, a total of 45,376,992 new shares in Ahlstrom-Munksjö will be issued as merger consideration to Ahlstrom’s shareholders. The new shares are expected to be registered with the Finnish Trade Register on April 1, 2017. Trading in the new shares is expected to commence on the Nasdaq Helsinki and Nasdaq Stockholm stock exchanges on April 3, 2017.
Following the merger, the trading codes for Ahlstrom-Munksjö’s shares will be AM1 on Nasdaq Helsinki and AM1S on Nasdaq Stockholm. Furthermore, the trading code on Nasdaq Helsinki for the EUR 100,000,000 senior unsecured callable fixed rate notes due 2019 will be AMJ041219.
On March 13, 2017 the merger was approved by the European Commission.
The merger of Ahlstrom and Munksjö is expected to create a global leader in fiber-based solutions with preliminary combined annual net sales of approximately EUR 2.2 billion and adjusted EBITDA of EUR 249 million. The combined company will have approximately 6,200 employees as well as production in 14 countries.
Earlier Ahlstrom Corporation informed that the Finnish Financial Supervisory Authority on March 10, 2017 had approved the supplement to the merger prospectus, which relates to the publication by Ahlstrom of its annual report 2016 on February 23, 2017 and the publication by Munksjö of its annual report 2016 on February 28, 2017.
Earlier Ahlstrom has resolved on a dividend of EUR 0.49 per share payable on March 27, 2017
The company is a high performance fiber-based materials company. Its materials are used in everyday applications such as filters, medical fabrics, life science and diagnostics, wallcoverings and food packaging. Ahlstrom had around EUR 1.1 billion revenues in 2016, employing around 3200 people in 22 countries worldwide.
About Munksjö Group:
The company is an international specialty paper producer. It manufactures select specialty papers, which are central elements in the design and manufacturing processes. Its product offering includes decor paper, release paper, electrotechnical paper, abrasive backings, graphic and industrial paper, interleaving paper and other products.
The company is a global leader in sustainable and innovative fiber-based solutions with a combined annual net sales of approximately EUR 2.2 billion, approximately 6,200 employees and 41 production and converting facilities in 14 countries.