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Mare Group Launches Strategic Offer for Eles Semiconductor Shares

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Mare Engineering Group SpA ( (IT:MARE) ) has provided an update.

Mare Engineering Group SpA has launched a public offer of purchase and voluntary partial exchange for shares of Eles Semiconductor Equipment SpA, representing 29.99% of voting rights. The offer allows Eles shareholders to choose between cash or a mixed consideration of cash and Mare Group shares. Mare Group criticizes Eles’ management for questioning the offer’s adequacy and transparency, highlighting the higher offered price compared to Eles’ recent capital increase. Mare Group emphasizes its commitment to transparency, technological complementarity, and strategic growth, aiming to enhance the national technological supply chain.

More about Mare Engineering Group SpA

Founded in 2001, Mare Group is an engineering company listed on Euronext Growth Milan, focusing on innovation through proprietary technological platforms. With over 2,000 clients and a team of more than 500 people across 25 offices in five countries, the company is a significant player in the innovation ecosystem. Mare Group has made 16 acquisitions since 2019, demonstrating its ability to integrate complementary technologies and enhance its market presence.

Average Trading Volume: 38,631

Technical Sentiment Signal: Strong Buy

Current Market Cap: €60.88M

See more data about MARE stock on TipRanks’ Stock Analysis page.

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