Merilampi successfully represented FourWorld Capital Management , a US investor, in a landmark multimillion-euro squeeze-out dispute before the Supreme Court of Finland

Merilampi successfully represented FourWorld Capital Management, a US investor, in a landmark multimillion-euro squeeze-out dispute before the Supreme Court of Finland (KKO 2025:94).

The case originated from a tender offer launched in September 2020 by a bidder consortium comprising the two main shareholders and a private equity fund for all shares in Ahlstrom-Munksjö Oyj, a company then listed on Nasdaq Helsinki and Nasdaq Stockholm.

The Supreme Court confirmed a fair redemption price of EUR 21.00 per share, representing an increase of EUR 3.16 (approximately 17.7%) over the tender offer price of EUR 17.84. This landmark ruling strengthens minority shareholder protection by establishing important precedents for equal treatment and fair dealing throughout the tender offer process, and sets criteria for determining fair redemption price when the tender offer price presumption is set aside. The nearly five-year dispute proceeded through statutory arbitration as the court of first instance, the Helsinki District Court as the appellate court, and finally the Supreme Court.