Brief: Eles Board Deems Mare Engineering's Bid Is Not Financially Appropriate

Mare Engineering SpA

21/07/2025 06:45

July 21 (Reuters) - Eles Semiconductor Equipment SpA ELES.MI:

SAID ON FRIDAY BOARD BELIEVES MARE ENGINEERING'S BID LACKS RATIONALE, IS NOT IN BEST INTEREST OF ALL STAKEHOLDERS

OFFER MAY COMPROMISE ELES' GROWTH, DEVELOPMENT PLANS

BOARD DEEMS CONSIDERATION OFFERED IS NOT FINANCIALLY APPROPRIATE, DOES NOT ADEQUATELY REFLECT ELES' VALUE

 Further company coverage: ELES.MI

 (Gdansk Newsroom)

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