(Finance) – Thetakeover bid (OPA) voluntary totalitarian of PJ Ability on Rosss it will start on 25 May and will end, unless extended, on 15 June. This was stated in a note from the company listed on Euronext Milan and active in the design, production and marketing of metal shelving for the management of commercial and industrial spaces. The offer, aimed at delistingwas announced in early May by PJ Ability, which reports to Bettini family (owner of 84%) and provides for the payment of 1.02 euros for each share tendered.
The objective is the acquisition of the entire share capital and the revocation of the listing of the shares from Euronext Milan. In particular, the parent family deems it necessary to proceed with a reorganization and streamlining of the company, an operation that is more easily prosecuted in the unlisted status. Furthermore, by promoting the offer, the offeror intends to offer the issuer’s shareholders the possibility of sell their shareholdings on more favorable terms compared to those deriving from the average trading performance of shares in recent months.
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