Persistent secures 83.25% of Nagarro in takeover offer, triggers additional acceptance period
Bitget2026/09/22 14:27- Persistent’s cash offer for Nagarro cleared its minimum condition, reaching 83.25% of share capital and voting rights.
- Offer acceptances totaled 7,568,145 shares, or 61.15%, during the initial period; a further 22.10% stake was secured from Lantano.
- A two-week additional acceptance window runs Sept. 23 to Oct. 6, offering EUR 81 per share.
- Persistent plans to pursue a delisting of Nagarro shares from Frankfurt’s Prime Standard, which could reduce trading liquidity.
- Transaction closing is expected by the end of Q1 CY27, subject to remaining regulatory approvals.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda Motor (HMC.US) Reports 65.7% Increase in Net Profit in the First Half, Plans to Expand Production Capacity in North America and Brazil
Honda Motor (HMC.US) released its financial results for the first half of fiscal year 2027 on November 10.
Crypto winter not over? Mining rig hosting provider Bitari cancels orders at the last minute, IPO plans put on hold
Bitcoin mining service provider Bitari has withdrawn its Nasdaq IPO plan. The company originally intended to issue 4.3 million shares at $7 per share to raise $30 million. Its annual revenue is approximately $11 million.
Pre-orders for GTA 6 are booming and may reverse the downward trend! Citigroup raises Take-Two Interactive Software (TTWO.US) target to $270
Citigroup maintains a "Buy" rating on Take-Two Interactive Software, with a target price of $270.
Crypto prices
More
