Saes Getters rises after SGG's takeover bid

Saes Getters SpA

17/04/2024 11:21

** Shares in Italy's Saes Getters  SAEI.MI  rise as much as
5.3% after SGG Holding launched a takeover bid late on Tuesday,
aiming at delisting the industrial group
    ** The stock is in line with the offer price and the
dividend it will pay in 2023, a Milan-based trader says
    ** The trader adds that even considering Tuesday's close,
the premium would still be 10% low compared to other similar
transactions, but the low free float does not allow the stock to
go higher
    ** Including Wednesday's rise the stock has gained 12.33%
YTD and it's on track for its best day since September 2023

 (Reporting by Romolo Tosiani, Giancarlo Navach)
 ((Romolo.Tosiani@tr.com))