Merilampi advises Pihlajalinna Plc in a Mehiläinen Yhtiöt Oy public cash tender offer for all shares in Pihlajalinna Plc. Mehiläinen Yhtiöt Oy and Pihlajalinna Plc have entered into a combination agreement pursuant to which Mehiläinen will make a voluntary recommended public cash tender offer for all issued and outstanding shares in Pihlajalinna for a cash consideration of EUR 16 for each share. The value of the transaction will be approximately EUR 362 million.

The tender offer is expected to be completed towards the end of the second quarter or at the latest during the third quarter of 2020. The completion of the tender offer is subject to the approval of the competition authorities.