Redeye briefly comments on Snark BidCo (Altor) extending its acceptance period for Sleep Cycle until July 2, 2026, while declaring its SEK 24.50 cash offer final. With Altor currently controlling just 78.0% of the shares and votes, it remains quite a bit away from the critical 90% compulsory squeeze-out threshold. We agree with the independent board's previous assessment that the offered price is too low, and Altor’s decision to lock the price is a clear attempt to pressure the remaining shareholders into selling.
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