Arima shares skyrocket after JSS takeover offer

JSS Real Estate SOCIMI SA

16/05/2024 08:54

** Shares in Arima Real Estate SOCIMI  ARM.MC  surge around
34% to August highs after JSS Real Estate SOCIMI  YJSS.MC 
announced a voluntary tender offer for all of its shares 
    ** The offer entails a cash payment of 8.61 euros for each
Arima share, reflecting a premium of 38.9% above the previous
day's closing price of 6.2 euros per share
    ** Arima's board said in the statement it supports the offer
and finds it "amicable and attractive to its shareholders"
    ** The stock will see its best day ever if gains persist; up
to the previous session's close it was down 2.4% YTD​
    

 (Reporting by Marta Serafinko)
 ((Marta.Serafinko@thomsonreuters.com; +48 58 769 66 00;))