As communicated in Exchange Notice 14/14, Volkswagen Aktiengesellschaft (Volkswagen) has announced a cash offer to acquire all outstanding shares of Scania AB (Scania), whereby every one (1) Scania share held entitles their holder to a cash payment of SEK 200. If Scania, as a result of the offer, requests for a de-listing of the underlying share or if the trading in the same is considered to be insufficient to support related derivatives trading, NASDAQ OMX Derivatives Markets will (1) set a new expiration day for options, forwards and futures contracts in Scania (SCVB) and (2) settle the contracts at Fair Value.
Please note that the historic volatility and dividend estimates determined when the bid was announced are fixed variables for the Fair Value calculation. The underlying share price and interest rate can change until the time of the adjustment and will be published in an Exchange Notice at the time of the adjustment.
For further information, please see the attached file or contact Håkan Walden +46 8 405 7170 or Andreas Karlsson +46 8 405 7378.
