Talgo S.A. (ES:TLGO) has released an update.
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Talgo S.A. has acknowledged receipt of Škoda Transportation’s interest in a potential business combination, noting that Škoda does not intend to launch a competing tender offer for Talgo’s shares against Ganz-Mavag Europe Zrt. The Board of Directors of Talgo believes it is not the right time to consider alternatives to the existing tender offer, focusing on options that ensure the company’s ability to meet current and future challenges.
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