May 17, 2017 / 5:03 PM / 3 months ago

BRIEF-Panasonic Holding launches mandatory public takeover bid for remaining Zetes Industries' shares

May 17 (Reuters) - ZETES INDUSTRIES SA:

* PANASONIC HOLDING (NETHERLANDS) B.V. LAUNCHED TODAY ITS MANDATORY PUBLIC TAKEOVER BID IN CASH FOR THE REMAINING 42.99% OF THE SHARES ISSUED BY ZETES

* OFFERED PRICE OF EUR 54.50 PER SHARE

* BIDDER INTENDS TO LAUNCH A SIMPLIFIED SQUEEZE-OUT Source text: bit.ly/2pLry1Z Further company coverage: (Gdynia Newsroom)

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