Tarczyński’s shareholders launch a tender offer

WSE-listed meat processor Tarczynski's lead shareholders Elżbieta and Jacek Tarczyńscy launched a tender offer for 6 million of the company’s shares at PLN 10.5 apiece. The tendered shares represent 52.22 percent stake in the company and 41.82 percent of the voting rights. The tender offer has been launched through EJT Investment, controlled by Tarczyński’s. The offer will run through January 30- February 28 and if the buyers are able to secure at least 90 percent of the company’s stock, they plan delisting it from the Warsaw Stock Exchange. At end of trading day on Wednesday, the company’s shares were priced at PLN 10.9 apiece.