(News Bulletin 247) – Balyo shares jumped more than 50% on the Paris Stock Exchange on Thursday, as the Japanese conglomerate SoftBank plans to launch a takeover bid for the French specialist in forklift robotization.
In a press release published yesterday evening, the two groups indicate that they have concluded a memorandum of understanding providing for the filing of a takeover bid settled entirely in cash at a price of 0.85 euro per share.
This amount represents a premium of approximately 54% compared to the volume-weighted average share price over the last 30 sessions.
Balyo’s management welcomed the proposed bid, saying the deal would give the company access to SoftBank’s global network of more than 470 technology companies.
“Balyo’s board believes this partnership will allow the company to benefit from SoftBank’s technology and business expertise while providing it with the financial resources necessary to achieve its full growth potential,” he said. .
Around 10:00 a.m., the title of the manufacturer of autonomous handling trucks went up more than 50% to almost align with the price provided for in the context of the takeover bid, giving a market capitalization of 27.4 million euros.
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