Kontron rises after Ennoconn takeover offer

Ennoconn

11/06/2026 07:37

** Shares in Austrian IT firm Kontron KTN.VI rise 4.9% in early Frankfurt trade after a takeover offer from Taiwan-listed Ennoconn 6414.TW
** The Taiwanese company exceeded the 30% voting rights threshold, triggering a mandatory bid
** The offer price of €23.50 represents a 2.4% premium to the June 9 close 
** A trader says the small premium should put a floor under the shares, with longer-term upside
** Kontron is the top gainer on the German small-cap index .SDAXI

 (Reporting by Simon Ferdinand Eibach)
 ((Simonferdinand.eibach@thomsonreuters.com))