Public tender offer by the group’s largest shareholder, JBF Finance SA

26.07.2022 JBF Finance SA (Buchillon, Switzerland) has announced a public tender offer for all publicly held shares of Bobst Group SA. JBF is Bobst Group’s largest shareholder and already holds approximately 53% of the shares and voting rights in the company.

For Bobst Group SA, a public tender offer by its largest shareholder, JBF Finance SA, has been announced.
© Photo: BOBST
For Bobst Group SA, a public tender offer by its largest shareholder, JBF Finance SA, has been announced.

JBF has announced that it will pay CHF 78.- in cash per Bobst Group share, which represents a premium of 22% compared to the average price of the last four weeks. The offer is not subject to substantial conditions. Following completion of the offer, JBF expects to be able to take Bobst Group private through a delisting of its shares from SIX Swiss Exchange to allow the company to focus on long-term and sustainable growth.

Digital transformation, maintaining activities in Switzerland

According to a press release from BOBST, this offer will give the company the appropriate conditions to deploy a long-term strategy, to execute its digital transformation, and to maintain its strong Swiss industrial activities.

Bobst Group continues to be managed by independent board members and family board members, as it is today. Furthermore, the group will enjoy the best possible conditions to transform the business into a digitised, connected and sustainable packaging supply chain. JBF is committed to the long-term legacy of the 5th generation of families and to sustaining the industrial base of Switzerland. Shareholders have the opportunity to realise their investment at an attractive price.

Board of directors welcomes decision

The board of directors of Bobst Group, represented by the committee of independent directors, has reviewed the offer, is convinced of the business rationale of the transaction and welcomes the possibility for shareholders to tender their shares at a premium in these uncertain times.

JBF Finance SA is the largest shareholder of Bobst Group SA. Its shares are held by more than 60 shareholders who belong to families that descend from BOBST’s founder.