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BackSpin Increases Stake in Spindox to Over 80%

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BackSpin Increases Stake in Spindox to Over 80%

TipRanks Black Friday Sale

Spindox S.P.A ( (IT:SPN) ) just unveiled an update.

BackSpin S.p.A has acquired 2,000 shares of Spindox S.p.A, increasing its ownership to approximately 80.21% of Spindox’s share capital. This transaction is part of a mandatory public purchase offer, reflecting BackSpin’s strategic move to consolidate its position in Spindox, potentially impacting the company’s market dynamics and stakeholder interests.

The most recent analyst rating on (IT:SPN) stock is a Buy with a EUR15.80 price target. To see the full list of analyst forecasts on Spindox S.P.A stock, see the IT:SPN Stock Forecast page.

More about Spindox S.P.A

Spindox S.p.A operates in the technology and consulting industry, providing innovative solutions and services to enhance business processes and digital transformation. The company focuses on leveraging technology to drive efficiency and competitiveness in various market sectors.

Average Trading Volume: 14,247

Technical Sentiment Signal: Buy

Current Market Cap: €76.49M

Find detailed analytics on SPN stock on TipRanks’ Stock Analysis page.

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