Ercros SA caught in a standoff over a takeover bid

Ercros SA (EN:ECR) released an update.

Ercros SA is currently facing two competing public takeover offers: one from the Portuguese company Bondalti offering €3.60 per share with the condition of acquiring at least 75% plus one share, and a higher offer from the Italian company Esseco at €3.84 per share. Both offerings are subject to regulatory approvals and Ercros’ board of directors, assisted by financial and legal advisors, is managing the process while continuing regular business operations. Shareholders will have the opportunity to respond to these offers following regulatory approvals, with a final decision-making process involving potentially enhanced offers.

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