Hudson Completes Merger with Dufry AG
December 01 2020 - 6:30AM
Business Wire
Hudson Ltd. (NYSE: HUD) (“Hudson” or “Company”) today announced
that it has completed the previously announced merger with Dufry AG
(“Dufry”).
The closing of the transaction earlier today follows a special
general meeting of Hudson’s shareholders held virtually on November
30, 2020, where Hudson’s shareholders voted to approve and adopt
the Merger Agreement and the related Statutory Merger Agreement
between Hudson, Dufry AG and Dufry Holdco Ltd., and the
transactions contemplated thereby, including the merger, by 98.59%
of the votes cast at the meeting.
Following shareholder approval and pursuant to the terms of the
Merger Agreement, Hudson became an indirect wholly owned subsidiary
of Dufry. Hudson’s Class A shareholders are entitled to receive
$7.70 in cash for each Class A share held.
In connection with the completion of the merger, trading in
Hudson’s Class A common shares on the New York Stock Exchange has
been suspended with immediate effect and the shares will be
delisted in approximately 10 days.
About Hudson
Hudson, a Dufry Company, is a travel experience company turning
the world of travel into a world of opportunity by being the
Traveler’s Best Friend in more than 1,000 stores in airport,
commuter hub, landmark, and tourist locations. Our team members
care for travelers as friends at our travel convenience, specialty
retail, duty free and food and beverage destinations. At the
intersection of travel and retail, we partner with landlords and
vendors, and take innovative, commercial approaches to deliver
exceptional value. To learn more about how we can make your
location a travel destination, please visit us at
hudsongroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201201005274/en/
Investor/Media Cindi Buckwalter VP of Investor Relations
& Corporate Communications investorrelations@hudsongroup.com
communications@hudsongroup.com
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