Brady corporation announces tender offer to acquire nordic id oyj

Milwaukee, april 15, 2021 (globe newswire) -- brady corporation (nyse: brc) (“brady”) and nordic id oyj (hel: nordid) (“nordic id” or the “company”) today announced that they have entered into a definitive transaction agreement pursuant to which brady will launch an all-cash tender offer in finland to acquire all of the outstanding shares of nordic id for eur 3.30 per share, which equates to a total equity purchase price of eur 8.1 million (usd 9.7 million), plus the assumption of external debt of approximately usd 3 million. brady corporation will fund the transaction with cash held outside the united states.
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