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Piovan SpA ( (IT:PVN) ) has provided an announcement.
Piovan S.p.A.’s Board of Directors has approved the Issuer’s Statement regarding a mandatory total public purchase offer by Automation Systems S.p.A. on all its shares. The Board, after considering opinions from independent directors and financial advisors, deemed the offer of Euro 14.00 per share financially adequate, indicating a positive assessment of the offer’s terms.
More about Piovan SpA
The Piovan Group is a leading global operator in the development and production of automation systems for production processes involving polymers, bioresins, recycled plastics, food liquids, food powders, and non-food powders. The company has been active in developing systems for bio economies and circular economies, focusing on recycling, reuse of plastics, and production of compostable plastics.
YTD Price Performance: 0.36%
Average Trading Volume: 71
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €707.9M
Learn more about PVN stock on TipRanks’ Stock Analysis page.