Mespila tender offer for Paged shares a success

The majority shareholder in WSE-listed wood processor Paged, Mespila Investments, secured enough Paged shares to reach a 90 percent stake, which means that the deal will go through, the company said in a market filing. Mespila wanted to buy 5.44 million of Paged shares, which represents a 35.1 percent stake. The offer would be valid if at least 3.89 million shares are tendered, so Mespila could control 90 percent of Paged and delist it. Last week, Mespila increased the price to PLN 59 apiece, from the previous PLN 57.63 price tag.