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Almawave S.p.A. ( (IT:AIW) ) has shared an announcement.
Almaviva S.p.A., which already controlled Almawave S.p.A., has completed its voluntary full public tender offer by depositing €2.7 million to acquire the remaining 2.09% of Almawave’s share capital, triggering the transfer of all outstanding shares to the Offeror under Italian takeover rules. Following the settlement of this joint purchase procedure and the related squeeze-out, Borsa Italiana has revoked Almawave’s ordinary shares from trading on Euronext Growth Milan with effect from today, marking the company’s delisting and ending its status as a publicly traded entity, with residual minority shareholders now entitled to receive cash consideration via their intermediaries within a five-year limitation period.
The most recent analyst rating on (IT:AIW) stock is a Buy with a EUR5.00 price target. To see the full list of analyst forecasts on Almawave S.p.A. stock, see the IT:AIW Stock Forecast page.
More about Almawave S.p.A.
Almawave S.p.A. is an Italian technology company listed on Euronext Growth Milan, active in the digital and IT services space as part of the Almaviva Group, serving corporate and institutional clients with advanced software and data-driven solutions.
Average Trading Volume: 70,614
Technical Sentiment Signal: Buy
Current Market Cap: €128.6M
For detailed information about AIW stock, go to TipRanks’ Stock Analysis page.