BRIEF

on Kontron AG (isin : DE0006053952)

Kontron Successfully Completes Katek SE Delisting Tender Offer

On May 16, 2024, Kontron Acquisition GmbH, a subsidiary of Kontron AG, announced the successful completion of its tender offer for Katek SE shares, resulting in substantial acquisition outcomes. Beginning on April 15, 2024, the tender offer concluded on May 13, 2024. Kontron offered EUR 15 per share in cash for 3,694,942 shares and exchanged Kontron shares for an additional 204,668 shares, collectively amassing approximately 26.9950% of Katek's total shares.

With this strategic move, Kontron Acquisition GmbH now controls 87.31% of Katek SE’s shares. The action precedes the final delisting of Katek SE from the Frankfurt Stock Exchange, scheduled for May 17, 2024. The delisting will follow the revocation of Katek's shares from the Regulated Market and the Prime Standard sub-segment, ceasing the associated post-admission obligations.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Kontron AG news