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An announcement from Mare Engineering Group SpA ( (IT:MARE) ) is now available.
Mare Engineering Group S.p.A. has announced an increase in its voluntary public purchase offer for Eles Semiconductor Equipment S.p.A. shares, raising the offer price to €2.61 per share, surpassing a competing offer from Xenon Private Equity. This move, which includes a significant premium over Eles’s recent share prices, underscores Mare Group’s commitment to maintaining its investment in Eles and positions it as a long-term industrial investor in the semiconductor equipment sector.
More about Mare Engineering Group SpA
Mare Engineering Group S.p.A. is an engineering company listed on Euronext Growth Milan, operating in Italy and internationally. The company focuses on innovation through enabling technologies.
Average Trading Volume: 45,275
Technical Sentiment Signal: Strong Buy
Current Market Cap: €72.04M
See more insights into MARE stock on TipRanks’ Stock Analysis page.