ECIT AS (DE:3CZ) has released an update.
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ECIT AS has announced an agreement for a voluntary offer by Olympus BidCo AS to acquire all outstanding B- and C class shares in ECIT at NOK 10 per share, valuing the company at approximately NOK 4.65 billion. The offer price represents a significant premium over recent trading prices and has been unanimously recommended by ECIT’s Board. Major shareholders and key employees have committed to the offer, which includes options for shareholders to participate in a rollover alongside a minority investment by TowerBrook Capital Partners.
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