CPI Property Group says acceptances top 95% in Next RE takeover offer
Newpark Resources, Inc.
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- CPI Property Group takeover bid for Next RE SIIQ reached threshold for more than 90% of listed shares, with acceptances covering 4,185,510 shares for total consideration of EUR 12.56 million.
- Offeror stake expected to rise to at least 98.79% of Next RE share capital, representing 97.58% of listed shares, based on provisional results.
- Cash payment of EUR 3 per share tendered set for May 22, subject to satisfaction or waiver of remaining condition due May 21.
- With ownership above 90% of listed shares, reopening of acceptance period not expected; squeeze-out planned for remaining 228,076 listed shares at EUR 3 per share, excluding 38,205 treasury shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CPI Property Group SA published the original content used to generate this news brief on May 15, 2026, and is solely responsible for the information contained therein.
