Talgo S.A. (ES:TLGO) has released an update.
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Talgo S.A. has received a non-binding proposal from Skoda Transportation for a business merger and industrial integration, lacking a financial offer. Talgo is seeking more details from Skoda, including whether the deal offers shareholders a higher consideration than a prior bid by Ganz-Mavag Europe Zrt, and if it would be in cash, as well as clarity on Skoda’s industrial and financial capabilities.
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