Recticel has conducted a fairness opinion regarding Greiner’s public takeover bid
The board of directors of Recticel has received a fairness opinion in light of the unsolicited voluntary public takeover bid launched by Greiner.
Recticel is a listed Belgium-based company engaged in the manufacture of polyurethane foam products. The company operates in three business segments: insulation, which includes laminated boards for thermal building insulation; bedding, including mattress and bedding brands; and flexible foams for the upholstery and furniture markets.
Greiner is an Austrian manufacturer of plastic and foam products used in a variety of end-markets. The company acquired a 27% stake in Recticel and decided to launch an unsolicited voluntary public takeover bid of €13.50 (approximately US$15.2) per share in order to acquire at least 50% and control of Recticel.
Oaklins’ team in Belgium assisted Recticel’s board of directors as financial advisor by preparing a fairness opinion.
Contáctese con el equipo de la transacción
Transacciones relacionadas
OBI Group has acquired the OBI and individual DIG stores from Migros
As part of a strategic review, Migros has decided to divest its DIY business, which included several “Do It + Garden” and “OBI” locations. Migros had operated the Swiss OBI stores as a franchisee. In OBI Group Holding, Migros has found the ideal partner to ensure continuity for both its customers and employees.
Ver másT BAILEY has been acquired by Saothair Capital Partners
Saothair Capital Partners has completed the acquisition of T BAILEY. This transaction will provide T BAILEY with the resources needed to continue delivering exceptional service to its customers and strengthen its position in the marketplace.
Ver másAmcomri Group has completed an initial public offering
Amcomri Group plc has successfully completed an initial public offering (IPO) on the AIM Market of the London Stock Exchange, successfully raising US$15 million (£12 million) through a placing. The IPO will enable Amcomri to further its ‘Buy-Improve-Build’ strategy in the UK engineering sector.
Ver más