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The latest update is out from Piovan SpA ( (IT:PVN) ).
Automation Systems S.p.A., backed by the Investindustrial VIII SCSp fund, has filed an offer document with Consob for a mandatory tender offer on Piovan S.p.A.’s shares. The offer aims to acquire up to 31.52% of Piovan’s share capital at a price of Euro 14.00 per share and is subject to Italian regulatory approval, impacting Piovan’s shareholder structure and market positioning.
More about Piovan SpA
Piovan S.p.A. is a company with shares listed on the Euronext Milan, organized and managed by Borsa Italiana S.p.A. It operates within the automation systems industry.
YTD Price Performance: -0.72%
Average Trading Volume: 71
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €710.5M
For a thorough assessment of PVN stock, go to TipRanks’ Stock Analysis page.