03
Apr
16:00
Klöckner advises against takeover offer
Klöckner & Co’s management and supervisory boards have recommended to shareholders not to accept the voluntary public takeover offer by SWOCTEM GmbH. They say the offer price of €9.75 ($10.62) in cash per Klöckner & Co share is not adequate, Kallanish reads in a statement from the German steel distributor.
The boards say they have independently thoroughly reviewed the offer document published by the bidder on 27 March. Their recom…
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Anonymous
Very good overview of the weekly steel market.
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