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XXXLutz reported this on Thursday. The so-called delisting took effect at the end of September 14. Since then, Home24 shares can no longer be traded on the regulated market of the Frankfurt Stock Exchange.
The furniture company had secured almost 96 percent of the online retailer’s capital. The company now looks forward to seizing growth opportunities together with Home24 and bringing stability and influence to the company as a strong partner.
XXXLutz announced its acquisition plans in early October. The company offered shareholders 7.50 euros (about 7.23 francs) per share. The offer was 124 percent higher than the stock’s closing price the day before it was announced, but was a long way from the issue price of 28.50 euros at the IPO in June 2018.
Home24’s management supported the takeover bid from the beginning.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
