CONWERT comment
The deadline to accept the Eur11.50 cash offer for CONWERT is this Wednesday.
We have confirmed with the bidder and the activists that the offer will not be extended if the minimum acceptance is not reached (50%+1)
Over the weekend, the press in Austria report that “According Haselsteiner.... Umek submitted to Haselsteiner in mid-December an offer for the acquisition of all its conwert shares.
"Contents of the offer was that he was interested in acquiring all shares of conwert Foundation for the price of ten euros per share".
IF true then, if the offer fails, one may expect Conwert could be a trading buy at c.Eur 10 per share or less.