MOL exercises squeeze-out right for TVK shares
Hungarian oil and gas company MOL said yesterday that it is applying its squeeze-out right for shares of petrochemicals company TVK, Hungarian news agency MTI reported today.
The agency added that MOL wound up a voluntary public purchase offer for the shares on Friday, raising its stake in TVK from 94.86% to 99.1%, providing all preconditions were met.
In the squeeze-out, which runs until March 23, MOL is offering shareholders the same price as in the public purchase offer: HUF 4,984, MTI added.
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