~$660MreportedMergerFinancial ServicesCompleted
S-Bank completes tender offer for Finland's Oma Savings Bank
S-Bank Plc has completed its voluntary recommended public cash tender offer for all shares in Oma Savings Bank, with 32,152,993 shares validly tendered by the September 25 deadline. The offer, announced July 9 and supported by the target's board, was supplemented four times during an offer period that began July 17. S-Bank has now commenced a subsequent offer period for remaining holders.
Why it matters: Completion consolidates two Finnish retail banks and clears the way for a squeeze-out of minority shareholders.
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