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Entra ASA Board Recommends Rejection of Castellum’s Share Offer

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Entra ASA ( (GB:0R3Y) ) has provided an announcement.

Entra ASA’s independent board of directors has reviewed a mandatory offer from Castellum Aktiebolag for all outstanding shares not held by the offeror, priced at NOK 110.40 per share. The board, advised by ABG Sundal Collier ASA and Wikborg Rein Advokatfirma AS, unanimously recommends shareholders reject the offer, citing the offer price as financially inadequate and not reflective of the company’s underlying value and future prospects.

More about Entra ASA

YTD Price Performance: -3.95%

Average Trading Volume: 6,876

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: NOK20.14B

See more insights into 0R3Y stock on TipRanks’ Stock Analysis page.

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