Sigvaris makes bid for Pani Teresa Medica
13:38
Swiss medical firm Sigvaris Holding has launched a public tender for a 100% stake in Polish sector peer Pani Teresa Medica, according to terms of the tender announced by the BZ WBK brokerage.
The bid on more than 2.4 mln shares at PLN 15.45 per share values the firm at more than PLN 37.2 mln.
Sigvaris is commited to proceed with the deal if shares representing at least 90% of shareholder votes are tendered, the terms show, but has left the door open to proceed at a lower rate.
The tender runs from September 30 to October 29.
