Kyoto Group AS (DE:77K) has released an update.
Kyoto Group AS has announced a voluntary all-cash offer at NOK 24 per share for all its outstanding shares, representing a significant premium over recent trading prices. Shareholders, holding a combined 73.5% of shares, have already committed to the deal, with some reinvesting in the newly established acquisition vehicle, Glentra Fund I K/S’s Offeror. The offer period runs until June 27, 2024, with a potential for extension.
For further insights into DE:77K stock, check out TipRanks’ Stock Analysis page.
