In response to recent media reports, Wacker Neuson has confirmed that its executive board is in advanced discussions with Doosan Bobcat Inc. regarding the possible acquisition of a majority stake in Wacker Neuson as well as a public takeover.
Wacker Neuson states: Doosan Bobcat is considering acquiring shares amounting to approximately 63 percent of Wacker Neuson’s share capital from major shareholders and launching a public takeover offer in the form of an all-cash offer to all remaining Wacker Neuson shareholders. Currently, Wacker Neuson cannot predict whether the sale of shares by the major shareholders or a public takeover offer will actually occur. Wacker Neuson will inform the capital markets and the public of any further developments in accordance with legal requirements.
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