AI Prime announces mandatory squeeze-out of InPost and Integer shares
21:43
Equity fund AI Prime, and Rafał Brzoska announced a mandatory squeeze-out of the remaining InPost and Integer shares that were not tendered. There are currently 7.56 percent of InPost and 7.13 Integer shares in freefloat. The Warsaw bourse has already suspended both companies trading due to the squeeze-out.
The buy-out date was set for May 29.
Back in February, Advent International announced that it wants to buy all of the free float shares of Integer, representing a 70 percent stake in the company and delist it, but only if the tender goes through. If not, the company warned that it might even face bankruptcy.