tiprankstipranks
Salzgitter says shareholder considering voluntary public takeover bid
The Fly

Salzgitter says shareholder considering voluntary public takeover bid

Salzgitter (SZGPY) announced that its shareholder GP Gunter Papenburg Aktiengesellschaft has notified the company that it considers, together with TSR Recycling, to submit a voluntary public takeover bid to the shareholders in order to acquire shares of the company. The possible offer shall, among other things, be subject to the Consortium achieving an aggregate shareholding of at least 45% plud one share by the end of the acceptance period, Salzgitter added.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App