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Nexus AG Faces Squeeze-Out Demand from Major Shareholder

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Nexus AG Faces Squeeze-Out Demand from Major Shareholder

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NEXUS AG ( (DE:NXU) ) just unveiled an announcement.

Nexus AG has received a squeeze-out demand from Project Neptune Bidco GmbH, a holding company managed by TA Associates Management, L.P. Project Neptune Bidco GmbH, which holds approximately 95.16% of Nexus AG’s share capital, is seeking to acquire the remaining shares from minority shareholders in exchange for cash compensation. The specifics of the cash compensation will be announced later, and a general meeting will be convened to finalize the transfer of shares.

More about NEXUS AG

YTD Price Performance: 1.89%

Average Trading Volume: 12

Technical Sentiment Signal: Sell

Current Market Cap: €1.2B

Learn more about NXU stock on TipRanks’ Stock Analysis page.

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