WSE suspends Farmacol trading after squeeze-out announcement

Warsaw Stock Exchange has suspended trading of the pharma distributor Farmacol, after its major shareholder Andrzej Olszewski launched a mandatory squeeze-out of the remaining company's shares. Olszewski wants to buy 2.21 million shares at PLN 52 apiece. The shares represent 9.46 percent of capital and 7.05 percent of the votes at the GM. The squeeze-out will run through February 27-March 6.