CPI Property Group tops 90% ownership threshold in Next RE tender offer update

Newpark Resources, Inc.

Newpark Resources, Inc.

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  • CPI Property Group’s takeover bid for Next RE SIIQ shares not already owned reached acceptances for 3,329,337 shares, lifting its expected post-offer holding above 90% of Next RE listed shares.
  • Acceptances represented 15.12% of Next RE share capital, 30.23% of listed shares, 75.43% of shares subject to offer.
  • Offer period set to end May 15, 2026, with final confirmation on remaining conditions due by 7:29 a.m. Italian time on May 21, 2026.
  • Crossing 90% positions CPI Property Group to buy out remaining shares, with delisting expected once the process is completed.


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