Preference shareholders in Klövern are also recommended to accept Corem’s public offer and elect to receive Corem preference shares as consideration, not Corem Class D shares. The Board of Directors considers, however, that it would likely improve the credit profile of Corem, thus also improving the credit profile of Corem and Klövern as a combined group, if Class D shares are elected instead of preference shares.

"The Offer substantially reflects Klövern’s fair value of Class A and Class B ordinary shares and possible growth as well as related opportunities and risks. In light of the above, the Board of Directors recommends the Class A and Class B ordinary shareholders in Klövern to accept the Offer," Klövern writes in a statement.