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Piovan SpA ( (IT:PVN) ) just unveiled an update.
Automation Systems S.p.A. has announced a mandatory public tender offer for the ordinary shares of Piovan S.p.A., a company whose shares are listed on Euronext STAR Milan. The offer aims to acquire all remaining shares, leading to the delisting of Piovan. Automation Systems already holds a significant portion of Piovan’s shares and is offering 14 Euros per share to acquire up to 31.52% of the remaining share capital. This move could significantly impact Piovan’s market presence and shareholder structure.
More about Piovan SpA
YTD Price Performance: 0.36%
Average Trading Volume: 71
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €710.5M
Learn more about PVN stock on TipRanks’ Stock Analysis page.
