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CIE Automotive Board Rejects Share Acquisition Offer

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CIE Automotive Board Rejects Share Acquisition Offer

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CIE Automotive ( (ES:CIE) ) has shared an announcement.

CIE Automotive has announced that its board of directors, represented by proprietary directors, will not accept the company’s voluntary and partial public acquisition offer of its own shares. This decision, communicated to the National Securities Market Commission, indicates a strategic move that could impact shareholder interests and the company’s market positioning.

The most recent analyst rating on (ES:CIE) stock is a Buy with a EUR30.00 price target. To see the full list of analyst forecasts on CIE Automotive stock, see the ES:CIE Stock Forecast page.

More about CIE Automotive

Average Trading Volume: 83,015

Technical Sentiment Signal: Buy

Current Market Cap: €2.87B

Find detailed analytics on CIE stock on TipRanks’ Stock Analysis page.

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