Voltage for the shareholders of the Austrian IT service provider S + T. By the 20th February must inform the Linzer whether it emits a takeover bid for the company they Cloudeeva.
by Lars Winter, Euro am Sonntag
Cloudeeva is a family office, behind which the American investor Adesh Tyagi is. A native of India who wants to forge together with other investors from Cloudeeva an international IT Holding, which is to get involved at the front especially in the promising business around cloud computing for some time by accountants and lawyers can be the books of S + T check. If their conclusion from positive, followed by a previously written due diligence report suggesting Tyagi, who now has to convince some fellow investors could officially launch a takeover of S + T. So far there is only the part Cloudeeva a letter of intent to purchase the company.
The purchase price was prized in three euros per share, plus a premium for the net profit of the year 2013, which is expected to land at around 30 cents per share. If Cloudeeva submit a formal tender offer, the Company will offer up to 15 would Submit April, at the BaFin and previously create a securities prospectus and sufficient deposit capital for the deal. Then the tender offer would officially apply. What is the offer actually fails and if the offer is again reworked or already fair is priced at around 3.30 euros, can be difficult to ascertain. In the end, the price is certainly also depends on how much the additional purchase for Cloudeeva expects and truly pursue what reasons the Americans with a takeover. There is speculation in stock market circles for possible losses that could use Cloudeeva tax by making a purchase of the Austrians.
It is also conceivable that Tyagi S + T buys to take stock in this country by the Exchange and to list in the foreseeable future on the Nasdaq over the vehicle Cloudeeva new to the U.S. market with much higher valuation multiples. In order to implement this plan must Tyagi but have 95 percent of the S + T shares. However, it should only get with a lot of patience. Unless he improves the offer again after.
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