Upbeat BidCo has decided to increase the price of its Offer to 17.20 euros per share, reflecting premiums of +12.6%, +13.1%, +17.5%, and +17.6% compared to the volume-weighted average prices over the last 30, 60, 120, and 180 days as of June 2, 2025. The independent expert’s report deemed the Offer price fair to shareholders. The Ad Hoc Committee and Board of Directors have both issued positive recommendations for the increased price, believing it to be in the best interests of Believe, its shareholders, and employees. Following the initial filing of the public buyout offer and squeeze-out on Believe shares at 15.30 euros per share, Upbeat BidCo has raised the Offer to 17.20 euros per share, providing significant premiums compared to historical averages.
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