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An announcement from Piovan SpA ( (IT:PVN) ) is now available.
Automation Systems S.p.A. has successfully concluded a mandatory public tender offer for the ordinary shares of Piovan S.p.A., acquiring 98.91% of the company’s share capital. As a result, Piovan S.p.A. will be delisted from Euronext Star Milan, and the Offeror will exercise its purchase rights for the remaining shares, impacting stakeholders by consolidating control over Piovan S.p.A.
More about Piovan SpA
YTD Price Performance: 0.36%
Average Trading Volume: 71
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €713M
Learn more about PVN stock on TipRanks’ Stock Analysis page.