Waberer's said that once the decision to acquire qualified influence has been taken, the parties making the public purchase offer will inform Waberer's board of directors and the public about the termination of the suspension of the public purchase offer approval.
Minority stakeholders Trevelin Holding, Geraldton Invest, High Yield, and MHB Optimum made a buyout offer for outstanding shares in the company at a price of just under HUF 2,336 per share, the statutory minimum, early in July.
On September 19, Waberer's in an update said that Trevelin Holding and Geraldton Invest were excluded from the list of coordinated bidders, however, as non-bidders remain parties of the cooperation agreement between the minority shareholders.
According to the cooperation agreement, two-thirds of the shares offered for purchase will be purchased by MHB Optimum and one-third by High Yield Vagyonkezelő. MHB Optimum owns 21% of Waberer's shares and High Yield owns 20%.
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