Mespila increases price in Paged tender offer

Mespila Investments Limited, the main shareholder of the WSE-listed of plywood producer Paged, has increased its offer price in the tender for all of Paged shares in freefloat to PLN 59 apiece, from the previous PLN 57.63 price tag. Mespila wants to buy 5.44 million of Paged shares. The stake represents a 35.1 percent of the company. The offer will go through, if at least 3.89 million shares are tendered, so Mespila could control 90 percent of Paged and delist it. The tender deadline, which was twice extended, expires on September 15.