M&AIndustrialsCLOSED
BME excludes 91.4 million Ercros shares after Bondalti's tender offer
Acquirer
Bondalti
Target
Ercros
The Spanish stock exchange operator BME has excluded 91.4 million shares of Ercros following a tender offer by Bondalti. The Spanish National Securities Market Commission (CNMV) had previously suspended trading of the shares on September 10.
✦ Meridian Analysis
This item indicates the successful completion of a tender offer by Bondalti for Ercros shares, leading to their exclusion from the BME. This is a clear M&A transaction where Bondalti has acquired a significant stake in Ercros.
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