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An announcement from Mare Engineering Group SpA ( (IT:MARE) ) is now available.
Mare Group has concluded the acceptance period of its mandatory public tender offer for all ordinary and multiple‑voting shares of Eles Semiconductor Equipment S.p.A., receiving tenders for 72,025 shares, equal to 0.37% of Eles’ share capital, at a price of €2.65 per share. Including shares purchased on the market and those obtained through the exercise of Eles warrants, Mare Group will hold approximately 37.6% of Eles’ share capital and 35.43% of voting rights once the offer is completed, well below the thresholds required for a squeeze‑out, sell‑out or delisting; as a result, Eles will remain listed on Euronext Growth Milan and no reopening of the offer terms will occur due to the presence of a competing bid.
More about Mare Engineering Group SpA
Mare Group S.p.A. is an engineering company listed on Euronext Growth Milan, operating in Italy and internationally with a focus on innovation driven by enabling technologies. The group targets high‑tech industrial sectors, positioning itself as a specialist partner for advanced engineering solutions and technology‑intensive projects.
Average Trading Volume: 37,904
Technical Sentiment Signal: Buy
Current Market Cap: €76.84M
For detailed information about MARE stock, go to TipRanks’ Stock Analysis page.