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Mare Engineering Group SpA ( (IT:MARE) ) just unveiled an update.
Mare Group has confirmed that the terms and original deadline of its mandatory tender offer for all ordinary and multiple-voting shares of Eles Semiconductor Equipment S.p.A. will remain unchanged, with the acceptance period set to close on 30 December 2025 and payment to tendering shareholders, at a consideration of €2.65 per share, scheduled for 8 January 2026. While the company reiterates its strategic aim of increasing its stake in Eles to gain control, it acknowledges that delisting Eles is no longer achievable due to a competing offer launched by a third party acting in concert with some Eles shareholders; nevertheless, Mare Group says its industrial plan remains viable without delisting and confirms it will proceed to purchase all shares validly tendered by the deadline, strengthening its industrial positioning in the semiconductor equipment value chain and clarifying that it will neither raise its bid nor accept the rival offer.
More about Mare Engineering Group SpA
Mare Group S.p.A. is an engineering company listed on Euronext Growth Milan, operating in Italy and abroad with a focus on innovation driven by enabling technologies. The group’s activities center on providing technologically advanced engineering solutions, positioning it within the broader industrial and technology-services space and giving it strategic interest in complementary high-tech assets such as semiconductor equipment providers.
Average Trading Volume: 38,578
Technical Sentiment Signal: Buy
Current Market Cap: €76.45M
Find detailed analytics on MARE stock on TipRanks’ Stock Analysis page.