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Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Sadif Analytics Prime
Provider: GlobalData

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Cancom SE Updates on Takeover Bid for Pironet NDH AG

Friday, 15 Nov 2013 08:37am EST 

Cancom SE announced that its offer document for the voluntary public takeover offer to the stockholders of Pironet NDH AG was approved by the German Federal Financial Supervisory Authority (Bundesanstalt fur Finanzdienstleistungsaufsicht, BaFin). From November 18, 2013, stockholders of Pironet NDH AG can tender their shares for EUR 4.50 per share in cash. To do this, they must submit a written declaration to their depositary bank. The acceptance period ends on December 16, 2013 at 24:00 hours CET, unless it is extended in accordance with the statutory regulations. The additional acceptance period will end on January 2, 2014 at 24:00 hours CET presumably. The price of EUR 4.50 per share in cash represents a premium of around 6.64 over the three-month average price of the Pironet NDH AG share before the announcement on October 10, 2013 of the decision to submit the offer. 

Company Quote

-0.046 -1.11%
27 Feb 2015