SUSE soars in early trade after EQT takeover offer
18/08/2023 07:20
** Shares in SUSE SUSEG.DE are up 58% in early Frankfurt
trade as majority shareholder EQT AB EQTAB.ST intends to fully
take over and delist the Linux software provider
** The bidding price of 16 euros per share represents a
66.58% premium to SUSE's Thursday closing price and values the
firm at 2.72 billion euros ($2.96 billion)
** "The shareholding structure of SUSE has increasingly been
a barrier to the investment case and, as a result, it's no
surprise to see a corporate solution," Jefferies says
** Since SUSE's IPO in May 2021, the stock has lost about
68% of its value
($1 = 0.9191 euros)
(Reporting by Amir Orusov)
((Amir.orusov@thomsonreuters.com))