Rite Ventures begins a mandatory tender offer for Lemonsoft’s shares

Capital investor Rite Ventures start a mandatory purchase offer for any software company Lemonsoft Oyj:n of issued and outstanding shares on Friday, March 27.

Rite Ventures announced a mandatory tender offer for all Lemonsoft shares after exceeding the 50 percent ownership limit in the company.

On Thursday, the Financial Supervisory Authority approved the offer document in Finnish for the purchase offer.

In the purchase offer, EUR 4.67 per share was offered as cash consideration. The offer is clearly below the company’s average price for the last three months.

Lemonsoft’s board of directors has not issued a statement on the purchase offer.