Persistent secures 83.25% of Nagarro as tender offer clears minimum threshold
Bitget2026/09/23 07:34- Persistent’s bid for Nagarro cleared its minimum condition with 83.25% secured, including a 22.1% stake agreed with Lantano.
- Holders tendered 7,568,145 shares during the initial period, representing 61.15% of Nagarro’s share capital and voting rights.
- A two-week additional acceptance period runs from Sept. 23 to Oct. 6 at EUR 81 per share in cash.
- Persistent plans to pursue a delisting of Nagarro shares from Frankfurt’s Prime Standard, a move expected to reduce liquidity.
- Closing is expected by the end of the first quarter of calendar 2027, subject to remaining regulatory clearances.
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.
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