MiddleGround Capital, an operationally-focused private equity firm, has initiated a voluntary public takeover offer for all shares of STEMMER IMAGING AG. The offer, facilitated by the holding company Ventrifossa BidCo AG, has been approved by the German Federal Financial Supervisory Authority (BaFin) and provides a significant premium of approximately 52% over the unaffected closing price as of July 19, 2024. The acceptance period for this offer opens today and concludes on September 30, 2024. STEMMER IMAGING’s board has expressed support for the offer, pending a review of the official offer documentation. The deal is subject to typical closing conditions and required regulatory approvals. Post-acquisition, there is an intention to privatize STEMMER IMAGING, potentially through a delisting. Details of the offer are available in the published offer document.
Private Equity, Industrial Technology, Financial Services,Germany, United States
https://www.globenewswire.com/news-release/2024/09/02/2939092/0/de/MiddleGround-Capital-startet-freiwilliges-%C3%B6ffentliches-%C3%9Cbernahmeangebot-f%C3%BCr-STEMMER-IMAGING-AG.html