Sleep Cycle: Reverse merger with Audiowell, second exit at SEK24.50 - Redeye

Redeye comments briefly on Sleep Cycle's proposal to acquire Altor-related lifestyle music label Audiowell for SEK2,255m, paid entirely in new Sleep Cycle shares at SEK24.50. The deal is a reverse merger: existing shareholders are diluted to c.18%, Audiowell's owner takes c.82%, and a mandatory bid at SEK24.50 follows — in effect a second exit window at the original offer price.

Länk till analysen i sin helhet: https://www.redeye.se/research/1187017/sleep-cycle-reverse-merger-with-audiowell-second-exit-at-sek24-50?utm_source=finwire&utm_medium=RSS