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Doosan Adjusts Merger Ratio for Bobcat-Robotics to ‘1:0.043’

Business / Kim Jisun / 10/22/2024 03:55 AM

(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Jisun] Doosan Enerbility has revised the merger ratio for the restructuring involving its subsidiary Doosan Bobcat and Doosan Robotics, raising the ratio compared to the initial plan.


The new merger ratio is set at 1:0.043, meaning that shareholders holding 100 shares of Doosan Enerbility will receive 88.5 shares of Doosan Enerbility and 4.33 shares of Doosan Robotics after the spin-off merger. This represents a 17.5% and 37.5% increase, respectively, compared to the previous proposal.

The announcement was made during a press conference held at the Plaza Hotel in Seoul on the 21st, attended by key executives, including Park Sang-hyun, CEO of Doosan Enerbility, Scott Park, Vice Chairman of Doosan Bobcat, and Ryu Jung-hoon, CEO of Doosan Robotics. The boards of both Doosan Enerbility and Doosan Robotics have approved the revised merger ratio.

Under the new restructuring plan, Doosan Enerbility will split into an operating company and a new holding company for Doosan Bobcat. The new entity will then merge with Doosan Robotics, making Doosan Bobcat a subsidiary of Doosan Robotics if the plan proceeds as outlined.

 

 

 

AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)

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