OREANDA-NEWS.   Vodafone today announced that the offer document relating to the voluntary tender offer for the entire fully diluted ordinary share capital of Cobra Automotive Technologies S.p.A. (“Cobra”) has been approved by Consob, the Italian regulator.
The offer document will be available to the public from Friday 4 July 2014. It will be available on the website of the Issuer (www.cobra-group.com); the website of the Offeror's parent company, Vodafone Group Plc (www.vodafone.com/investor); and the website of the Global Information Agent (www.sodali-transaction.com).
Cobra shareholders will be able to tender their shares from 8.30am on 7 July 2014 and the offer will be open (subject to any extensions) until 5.30pm on 25 July 2014. The cash consideration of €1.49 per share will be paid on 1 August 2014 (subject to any extensions) to shareholders who tender their shares.
Note to Editors
Cobra Automotive Technologies S.p.A operates in two main sectors. The first relates to the design, development, manufacture and marketing of electronic systems that includes components and burglar alarm systems as well as assistance to low-speed manoeuvres systems.
The second is focussed on the design and provision of services based on geo-location of vehicles to aid the location and recovery of stolen vehicles. This also includes smart insurance services for insurers and the management of vehicle fleets.