We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From May 2019 to May 2024
By Kim Richters
PNE AG (PNE3.XE) has agreed to a potential takeover offer from a Morgan Stanley (MS) subsidiary in a deal that values the company at about 306 million euros ($335.8 million), the German wind-energy company said Thursday.
Morgan Stanley infrastructure subsidiary Photon Management GmbH has offered EUR4 a share for all the outstanding shares, PNE said, with a minimum acceptance threshold of 50% plus one share.
PNE's supervisory and management boards support the offer, which represents a premium of around 31% to the share price on Aug. 26, before PNE first confirmed talks with Morgan Stanley's infrastructure division.
The potential buyer is planning to delist the company, PNE said.
At 0827 GMT, shares in PNE traded 4.2% higher at EUR4.02.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
October 10, 2019 04:46 ET (08:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year PNE Chart |
1 Month PNE Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
