Hitachi's takeover bid for Ansaldo Sts has closed. 12.832.398 ordinary shares were tendered in acceptance of the offer, equal to 6,416% of the share capital and 10,705% of the shares involved in the offer. A note reports it.
Based on the provisional results (the definitive ones will be announced by 21 March), Hitachi rises to 46,482% of Ansaldo Sts. Therefore, the conditions (90% of acceptances) for the exercise of the mandatory tender offer on the remaining shares, nor those for the reopening of the terms of the offer (50%) did not occur.
Payment for the shares tendered will be made on 21 March, at €9,68 per share. Exceeding 45% of the capital gives Hitachi the option, in the next six months, to buy Ansaldo STS shares on the market, without triggering the obligation of a new takeover bid. Interviewed, sources of the Japanese group report that this eventuality "cannot be excluded".
