Carlsberg is offering PLN16.25 (US$4.09) per share valuing the entire share
capital of Okocim at PLN 357.5m (US$90.1m). The price represents a premium of
36.1% to the average price from 6 months preceding the day of the announcement
of the tender and a premium of 30.5% to the closing price on 7 May 2001.
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