Major shareholder to make takeover offer for Tornos
25/11/2013 06:28
ZURICH, Nov 25 (Reuters) - Tornos Holding's largest shareholder, Walter Fust, will launch a public takeover offer for all publicly held registered shares of Tornos at a price of 4.70 Swiss francs per share, the company said on Monday. The prospectus accompanying the offer is scheduled for publication on November 27, Tornos TOHN.S said in a statement. Swiss-based businessman Fust currently holds 33.325 percent in Tornos, the machine maker added. The board of directors will comment on the offer in a report included in the offer prospectus, the statement said, adding the offer was underscoring Fust's confidence in the company. (Reporting by Silke Koltrowitz; editing by Patrick Graham) ((silke.koltrowitz@thomsonreuters.com)(+41 58 306 7454)(Reuters Messaging: silke.koltrowitz.thomsonreuters.com@reuters.net)) Keywords: TORNOS TAKEOVER