July 27, 2020 / 8:30 AM / 11 days ago

Oep launches bid on all shares of Techedge at 5.40 euro per share

MILAN (Reuters) - OEP Coop has launched a purchase offer on all shares of Italy’s Techedge (TEDGE.MI), a Milan-listed information technology company, in a bid that could top 113 million euros ($132 million).

Oep said on Monday it was offering 5.40 euros for each share, corresponding to a 7.5% premium on last Friday’s closing price for Techedge stocks.

Mediobanca acted as financial adviser for Oep, it said.

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Gdansk bureau, enrico.sciacovelli@thomsonreuters.com,+4858775278

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