S&T AG / grosso tec AG intends submitting a partial offer for up to 8.32% of S&T AG shares

Linz (21 March 2022) – Today, 21st March 2022, the Executive Board of S&T AG (group.kontron.com) (the “Company”) was informed that grosso tec AG, Landshut, Germany (the “Bidder”), intends to submit a partial offer for the purchase of up to 5.5 million bearer shares of S&T AG, which are admitted to the Frankfurt Stock Exchange (ISIN: AT0000A0E9W5; WKN: A0X9EJ), for a price of 15.30 EUR per shares cum dividend in cash. 5.5 million bearer shares represent approx. 8.32% of the share capital of S&T AG.

The Chairman of the Executive Board (CEO) of S&T AG, Dipl.-Ing. Hannes Niederhauser, is shareholder of the Bidder holding 47.5% of the Bidder shares. In addition, grosso holding GmbH also holds 47.5% of the shares in grosso tec AG. Mag. Claudia Badstöber, Chairwoman of the Supervisory Board of the Company, is managing director of grosso holding GmbH with sole power of representation.

According to the Bidder’s information, the Bidder intends publishing the offer document in due course.

Similar news

Adhoc: Kontron AG, Linz/Austria, Closing conditions met for the acquisition of around 59% of the shares in KATEK SE

Linz, 28 February 2024 – All closing conditions of the share purchase agreement dated 18 January 2024 between Kontron Acquisition ...

Adhoc: Kontron AG, Linz/Austria acquires around 59% of KATEK SE shares through its wholly owned German subsidiary – mandatory offer planned for outstanding shareholders

Around 59.4% of shares acquired from PRIMEPULSE SE, the majority shareholder of KATEK Purchase realised by German subsidiary Kontron Acquisition ...

AdHoc: Kontron to acquire Bsquare for $1.90 per share

The Bsquare acquisition expands Kontron’s IoT offering by adding extensive software capabilities, and enables Kontron to more effectively market its ...