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An announcement from Spindox S.P.A ( (IT:SPN) ) is now available.
BackSpin S.p.A., which has launched a mandatory takeover bid for Spindox S.p.A., has further increased its stake in the IT services group by purchasing 13,800 Spindox shares on Euronext Growth Milan at €13 per share, equal to 0.23% of the company’s capital. The purchases, executed through Banca Akros, were made at a price not exceeding the consideration offered in the ongoing tender offer and bring BackSpin’s holding to about 92.42% of Spindox’s share capital, consolidating its control and potentially paving the way for subsequent steps typically associated with such high ownership levels, such as a squeeze-out or delisting, subject to market conditions and regulatory processes.
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. is an Italian company listed on Euronext Growth Milan. It operates in the technology and digital services sector, focusing on IT consulting, system integration and innovative solutions to support corporate digital transformation across various industries.
Average Trading Volume: 27,975
Technical Sentiment Signal: Buy
Current Market Cap: €77.08M
Find detailed analytics on SPN stock on TipRanks’ Stock Analysis page.