Sparks commentary - Tinexta

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Sparks - Tinexta

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Tinexta (MIL: TNXT) – Takeover offer at €15 per share
Published by Russell Pointon

Following the 21 July announcement about permitting a consortium to carry out limited due diligence for a possible delisting, Tecno Holding, the majority shareholder of Tinexta, has announced the signing of a binding agreement regarding a takeover of the company and for the shares to be delisted, with Tecno Holding remaining a shareholder of the acquired company.

On a combined basis, the bidding company and Tecno Holding would hold 57.35% of the share capital and just over 64% of the voting rights if Tecno Holdings’ shareholders’ meeting on 7 August 2025 approves the transaction.

The agreed price is €15 per share, a c 37% premium to the undisturbed price on 23 June 2025 of €10.99, per the press release.

 

 

 

 

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