Ercros SA (ES:ECR) has released an update.
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Ercros SA has received a voluntary public takeover offer from Esseco Industrial S.p.A for all of its shares at €3.84 each, challenging an earlier offer from Bondalti Ibérica. The company’s board, with advice from Evercore Partners and Uría Menéndez, will continue to manage Ercros’ affairs diligently and will evaluate both offers following regulatory approval.
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