13
Mar
17:02
Klöckner & Co confirms public takeover offer
Klöckner & Co’s board says it has taken note of Swoctem GmbH’s intention to make a voluntary public takeover offer for the distributor’s whole issued share capital. Swoctem is offering €9.75 ($10.47) cash per share. KlöCo’s share price on the Xetra exchange was €9.98 on 13 March.
Swoctem is by far the largest single shareholder in the German-based steel distribution group. It is owned by Friedhelm Loh, whose Loh Grou…
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Anonymous
Very good overview of the weekly steel market.
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