Wacker Neuson SE has confirmed that discussions are underway regarding its acquisition of majority stake and takeover by Doosan Bobcat Inc.
According to a statement from Wacker Neuson Group, Wacker Neuson SE's executive board is in advanced discussions with Doosan Bobcat Inc. regarding the possible acquisition of a majority stake in Wacker Neuson, as well as a public takeover of Wacker Neuson by Doosan Bobcat.
The company reports that Doosan Bobcat is considering acquiring shares amounting to approximately 63% of Wacker Neuson’s share capital from major shareholders and launching a public takeover offer in the form of an all-cash offer to all remaining Wacker Neuson shareholders.
Furthermore, Wacker Neuson shared, "At present, Wacker Neuson cannot predict whether the sale of shares by the major shareholders or a public takeover offer will actually take place. Wacker Neuson will inform the capital markets and the public of any further developments in accordance with legal requirements."
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