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Biesse SPA ( (IT:BSS) ) just unveiled an announcement.
Biesse S.p.A. announced the conclusion of a subscription period for an option and pre-emption offer related to the company’s shares. Following the resolution to amend the company’s bylaws to introduce strengthened voting rights, a small percentage of shares were exercised for option and pre-emption rights. The remaining shares, representing 1.7799% of the company’s share capital, may be placed on the market to third parties. This move could impact Biesse’s market positioning and shareholder value.
The most recent analyst rating on (IT:BSS) stock is a Hold with a EUR9.50 price target. To see the full list of analyst forecasts on Biesse SPA stock, see the IT:BSS Stock Forecast page.
More about Biesse SPA
Biesse S.p.A. is an international company that produces integrated lines, machines, and components for processing wood, glass, stone, plastic, and composite materials. Founded in Italy in 1969 and listed on the Euronext STAR segment of the Italian Stock Exchange, Biesse supports the business evolution of clients in the furniture, furnishing & construction, automotive, and aerospace sectors. The company achieves about 80% of its consolidated turnover abroad, with a global network spanning 19 countries.
YTD Price Performance: 6.13%
Average Trading Volume: 67,986
Technical Sentiment Signal: Sell
Current Market Cap: €212.1M
Learn more about BSS stock on TipRanks’ Stock Analysis page.