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Spindox S.P.A ( (IT:SPN) ) has issued an announcement.
BackSpin S.p.A., which has launched a mandatory total public tender offer for Spindox S.p.A. shares, has increased its stake by purchasing 39,400 Spindox shares on Euronext Growth Milan at a unit price of €13.00, equal to the tender offer price, through Banca Akros S.p.A. – Gruppo Banco BPM. Following these transactions, BackSpin now holds 5,524,454 shares, representing approximately 92.07% of Spindox’s share capital, consolidating its control over the company and effectively nearing full ownership, a development that may significantly influence Spindox’s future corporate governance and free float on the market, subject to Italian securities regulations and cross-border distribution restrictions tied to the offer.
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 within the technology and digital services sector, providing innovative IT and consulting solutions to support businesses in their digital transformation and operational efficiency, with a focus on the Italian market and potentially broader European clients.
Average Trading Volume: 27,459
Technical Sentiment Signal: Buy
Current Market Cap: €77.08M
For a thorough assessment of SPN stock, go to TipRanks’ Stock Analysis page.