Balyo : Softbank planning a buyout on Balyo
>Q3 launch of a takeover bid at a price of € 0.85 per share (premium of 57%) - Yesterday, Balyo announced that SoftBank is planning to launch a friendly takeover bid on the group at € 0.85 per share, implying a premium of 57% on the closing price on 12 June (trading suspended since Tuesday morning) and 54% vs the average price of the past 30 trading days. Balyo's board of directors is favourable and supports SoftBank’s bid. An independent director was appointed by the...Balyo SA is a France-based company that designs robotic navigation solutions which are installed into forklifts and allow them to automatically transport pallets. The Company's apparatus is equipped with the guidance technology called Geoguidage. The Geoguidage system is installed in a module which is attached to the forklift, and allows the vehicle to calculate its position and memorize the layout of the warehouse. Its equipment allows detection of pallets, containers and dollies; stacking pallets; read barcode; towing loads; interactions with conveyors and doors, etc; scalable setting and automatic modes, among others. The Company's products are used in logistics and in industry.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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