Comments from Perstorp Intressenter in respect of the Swedish Securities Council’s clarification
We respect the Securities Council’s opinions and consider it valuable that the Council has clarified how similar cases should be handled in the future.
We note that the Council found that our Offer was conditional in accordance with market practice. The extent of the negative development in earnings and the uncertain future development for Perstorp AB made a fulfilment of the debt financing impossible.
We accept the opinion that the first joint press release dated 28 September could have given more details. However, no trading in Perstorp AB shares took place until after the publication of our press release dated 2 October, in which we describe in detail the conditions of the Offer that were not fulfilled.
Perstorp Intressenter AB remains interested primarily in continuing discussions regarding the chemicals business of Perstorp AB.
Stockholm 18 October, 2000
Perstorp Intressenter AB
For further information:
Harald Mix, Managing Director, Perstorp Intressenter AB, +46 (0)8-678 95 00
Not for release in or into the United States, Australia, Canada or Japan.