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.
Falar com a equipa da transação
Transações relacionadas
Tri Fire Limited has been acquired by Phenna Group
The shareholders of fire protection safety consultancy Tri Fire Limited have sold the company to testing, inspection, certification and compliance firm Phenna Group.
Saber maisUniKidz has partnered with Karmijn Kapitaal
Karmijn Kapitaal has acquired a majority stake in UniKidz, a talent development organization that provides a scientifically-based developmental approach through high-quality childcare. Through the partnership with Karmijn Kapitaal, UniKidz can take the next step in bringing their unique concept to even more children.
Saber maisProvital GmbH has been acquired by EMERAM Capital Partners
Dr. Thomas Brandner has sold a majority stake in Provital GmbH to private equity firm EMERAM Capital Partners. The transaction secures the future development and growth opportunities of the pet food company as EMERAM Capital Partners takes on ownership and acts as its strategic partner.
Saber mais