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Bidco Clover Extends Offer Period and Waives Minimum Acceptance in Spir Group Takeover

Story Highlights
  • Bidco Clover AS extended its voluntary cash offer for Spir Group shares to 13 February 2026, keeping the price at NOK 8.567.
  • By waiving the minimum acceptance condition and planning possible delisting and squeeze-out, Bidco reshapes Spir Group’s shareholder landscape and market status.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bidco Clover Extends Offer Period and Waives Minimum Acceptance in Spir Group Takeover

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Sikri Holding AS ( (DE:57U0) ) has shared an update.

Bidco Clover AS has extended its voluntary cash offer for all remaining shares in Spir Group ASA that it does not already control, pushing the deadline to 13 February 2026 and maintaining an offer price of NOK 8.567 per share. The bidder has waived the minimum acceptance condition, meaning the offer can be completed even without reaching a previously required ownership threshold, leaving only other closing conditions, which are currently satisfied, to be fulfilled or waived before settlement expected between 20 and 27 February 2026. Depending on its final stake, Bidco may be obliged to launch a mandatory unconditional cash offer under Norwegian law, and it plans to seek a delisting of Spir Group from Euronext Oslo Børs and, if it reaches 90% ownership, to carry out a compulsory acquisition of remaining shares, developments that would significantly affect the company’s market presence and the position of minority shareholders.

More about Sikri Holding AS

Spir Group ASA is a Norwegian company listed on Euronext Oslo Børs, with its shareholder base subject to Norwegian securities and takeover rules and oversight by the Norwegian Financial Supervisory Authority. The company is currently the target of an acquisition process involving Bidco Clover AS, which already controls a portion of Spir Group’s outstanding shares and is seeking to increase its ownership through a voluntary cash offer.

Average Trading Volume: 179,263

Current Market Cap: NOK1.12B

For detailed information about 57U0 stock, go to TipRanks’ Stock Analysis page.

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