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Bidco Clover Secures Over Two-Thirds of Spir Group Shares in Voluntary Offer

Story Highlights
  • Bidco Clover AS has gained control of about 87 percent of Spir Group’s share capital.
  • Crossing Norway’s two-thirds ownership threshold boosts Bidco’s influence over Spir Group’s future direction.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bidco Clover Secures Over Two-Thirds of Spir Group Shares in Voluntary Offer

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The latest update is out from Sikri Holding AS ( (DE:57U0) ).

Bidco Clover AS, which has launched a voluntary cash offer for all shares in Spir Group ASA that it does not already control, has now secured a dominant position in the company’s shareholder base. Through a combination of accepted tenders, agreements with Spir Group’s four largest shareholders and pre-commitments from other investors, the bidder has obtained control over approximately 87.39% of all outstanding shares, surpassing the two-thirds ownership threshold under Norwegian securities law and significantly strengthening its ability to influence future corporate decisions and governance at Spir Group.

More about Sikri Holding AS

Average Trading Volume: 175,983

Current Market Cap: NOK1.12B

Find detailed analytics on 57U0 stock on TipRanks’ Stock Analysis page.

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