Psb Industries : Takeover bid project at € 30 per share
>Proposed takeover bid by Alpha 20 at € 30 per share - In a brief press release, the PSB Industries group announced yesterday evening that its Board of Directors had taken note of a proposed simplified public tender offer, followed where applicable by a mandatory squeeze-out, targeting the PSB shares at the price of € 30 per share. The offer will be filed in the coming days with the AMF by Alpha 20: an entity acting in concert with several family shareholders of PSB, ...PSB Industries is a holding company. Co. is engaged in technological industries and is organized into the following three operating segments (business units): Beauty Packaging (Texen), Custom Packaging (CGL Pack), and Specialty Chemicals (Baikowski). Beauty Packaging (Texen) specializes in plastic injection and finishing, chiefly for the cosmetics and perfume industry; Custom Packaging (CGL Pack) specializes in the design and manufacture of custom thermoformed packaging for consumer products; and Specialty Chemicals (Baikowski) specializes in the production of powders and liquids based on ultra-pure alumina.
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