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Spindox S.P.A ( (IT:SPN) ) just unveiled an update.
BackSpin S.p.A., which is conducting a mandatory total public tender offer for Spindox S.p.A., has purchased an additional 7,000 Spindox shares on Euronext Growth Milan at a unit price not exceeding €13.00 per share, in line with the offer price. The trades, executed through Banca Akros, raise BackSpin’s stake to approximately 92.19% of Spindox’s share capital, further consolidating its control of the company and potentially paving the way for subsequent steps typical in high-ownership situations, such as a squeeze-out or delisting, subject to regulatory and corporate decisions.
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 solutions and consulting for businesses seeking innovation and digital transformation in the Italian market and beyond.
Average Trading Volume: 28,126
Technical Sentiment Signal: Buy
Current Market Cap: €77.08M
Learn more about SPN stock on TipRanks’ Stock Analysis page.