Share holdings
Swedish Match is a subsidiary of Philip Morris International.
- On May 11, 2022, Philip Morris Holland Holdings B.V. (“PMHH”), an affiliate of Philip Morris International Inc., presented a public cash offer of SEK 106 per share (the “Offer”) to the shareholders of Swedish Match AB (“Swedish Match”) to transfer their shares in Swedish Match to PMHH.
- On May 11, 2022, the Board of Directors of Swedish Match announced its recommendation to shareholders to accept the Offer.
- On June 28, 2022, PMHH published its formal offer document to the shareholders of Swedish Match. The acceptance period of the Offer started on June 29, 2022 and ended on September 30, 2022.
- On October 4, 2022, PMMH, announced that the acceptance period of the Offer for all outstanding shares in Swedish Match was further extended until November 4, 2022.
- On October 20, 2022, PMHH announced an increase of the price in the Offer to SEK 116 per share (the “Revised Offer”) and that it would not further increase the price in the Revised Offer. Except for the increased price, the terms and conditions of the Offer remained unchanged.
- On October 25, 2022, the European Commission announced that it had approved, under the EU Merger Regulation, the proposed acquisition of Swedish Match by Philip Morris International, subject to the divestiture of Swedish Match’s Swedish logistics company SMD Logistics AB following the completion of the Revised Offer.
- On October 27, 2022, consistent with its recommendation of May 11, 2022, the Board of Directors of Swedish Match issued its recommendation to shareholders to accept the Revised Offer.
- On November 7, 2022, PMHH announced that 82.59 percent of Swedish Match shareholders had tendered their shares. PMHH further announced it had decided to waive the 90 percent acceptance level condition and to complete the Revised Offer by acquiring all shares tendered. PMHH also extended the acceptance period until November 25, 2022, and informed the Swedish Match shareholders that the price in the Revised Offer for shares tendered during the further extended acceptance period be reduced to SEK 115.07 in cash per share due to the resolved dividend payment by Swedish Match of SEK 0.93 per share for shareholders of record as of November 14, 2022.
- On December 5, 2022, Swedish Match announced that the Company’s Board of Directors had applied for delisting of the Company’s shares from Nasdaq Stockholm.
- On December 13, 2022, Nasdaq Stockholm approved Swedish Match’s application and the last day of trading on Nasdaq Stockholm was December 30, 2022.
- In February 2023 Philip Morris Holland Holdings B.V. reached a 100 percent ownership of Swedish Match AB. The ownership was registered in the share register on February 28, 2023.
