Cementos Pacasmayo says it has met disclosure obligations on US tender offer
CPAC•Cementos Pacasmayo said it met disclosure obligations on a US tender offer and denied information asymmetry between investors. Holcim subsidiary ASPI seeks up to 211,882,902 shares, about 49.99%, at S/ 8.93 per share or S/ 44.65 per ADS; the offer expires November 20.
1. Disclosure response
Cementos Pacasmayo on October 29 defended its US tender offer disclosures to Peru's SMV, denying information asymmetry between investors. The regulator had requested disclosure of SEC offer documents, citing information relevant to investors evaluating the parallel Peruvian tender offer. The company said disclosures on October 21 and 27 covered key offer terms, document access and the board's position.
2. Tender offer terms
Holcim subsidiary ASPI seeks up to 211,882,902 shares, approximately 49.99%, through both offers. The US offer pays S/ 8.93 per share or S/ 44.65 per ADS and expires November 20 at 4 p.m. New York time.
