US EditionMarch family launches a takeover bid to delist their holding, Corporación Financiera Alba
7 Articles
7 Articles
Corporación Financiero Alba, the financial holding company controlled by the March family, will stop trading on the stock market in 2025, after the Mallorcan clan has decided to take the step of excluding it from the stock market. Carlos March Delgado, together with the financial holding itself, have announced the launch of a Public Procurement Offer (OPA) of exclusion on their own shares, in response to the low liquidity in the stock market and…
March family launches a takeover bid to delist their holding, Corporación Financiera Alba
The Corner March family has agreed to delist the Spanish holding through a takeover bid at a price of €84.20 per share in cash, which represents a premium of 79.5% compared to the closing price of €46.90 per share. This offer exceeds the historical maximum reached in 2007 (€60.70 per share). The takeover bid will be presented by the company along with Carlos March Delgado, its president and largest shareholder with 21%,...
The March family has agreed to exclude Corporación Financiero Alba from the stock exchange through a public takeover bid (OPA) at a price of €84.20 per share, as reported in a statement sent to the National Securities Market Commission (CNMV), Europe Press advances. Alba’s shares have closed this Thursday with a price of €46.9, so the premium offered by the family is 79.5%. The firm has emphasized that it “extends extensively” the historical max…
The Alba Finance Corporation will propose to the shareholders' meeting to launch an exclusionary OPA to withdraw the company from the stock market due to the "low liquidity of the shares".In particular, from Alba they say that "due to the low liquidity of the shares in the stock market, the Board of Directors of Alba Finance Corporation has agreed, unanimously, to propose to the General Shareholders' Meeting of the company the formulation of an …
The March launch an opa to remove Corporación Alba, their investment vehicle, in which the family controls 94.5% of the capital, of which 15.04% corresponds to Banca March. The group explains that "due to the low liquidity of Alba's shares in the stock market, the board of directors of Corporación Financiero Alba has unanimously agreed to propose to the General Shareholders' Meeting of the Society the formulation of an opt-out OPA." The offer wi…
The Board will be held on January 16th (in first call) and January 17th (in second call) of 2025, and in it the shareholders will be able to vote in favor or against the proposal of the exclusion OPA, which will jointly be made by its president and major shareholder, Carlos March Delgado, and Alba. The company's highest governing body has made this decision "because of the low liquidity of Alba's shares in the stock market".
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