The techno This Monday (10th), the controlling company Dânica integrated insulation solutionsin judicial recoveryFiled with the Securities and Exchange Commission this Monday (10th) (CVM) Application for registration of Open offer (OPA) Limited to all of the company’s common stock and preferred stock.
Dânica, an indirect subsidiary of ArcelorMittal Brazil, completed its acquisition of Tecno on November 3, with managers and shareholders Carlos Alberto Almeida Borges and João Alberto Almeida Borges purchasing 89.69% of the shares previously held by the Borges family. delisting a company listed on . B3 After 1977, Danica must execute an OPA and purchase the remaining shares in circulation.
As communicated to the market, OPA is considering the integration of two types of services. The first is implemented with the purpose of a direct sale of control of Tekno, and the second is implemented with the purpose of canceling the registration as a public company with the CVM and, as a result, withdrawing from the basic listing segment of B3.
Danica said shareholders will have two options for the price of each share: 229.87 reais per share, equivalent to the price paid for Carlos Borges, or 217.11 reais per share, equivalent to the price paid for Joao Borges’ shares.
Under the first option, R$206.88 will be paid in cash, the price will be updated, and R$22.99 will be paid when the retained portion payable to the controlling shareholder becomes due, i.e. if certain conditions agreed between the company and the former controlling shareholder are complied with. In the second option, the full amount is paid in cash on the settlement date.
Tecno had previously announced in a statement that the price paid for Carlos Borges’ shares was R$228.88. The company clarified today that 229.87 reais is the correct value.
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