Lisbon - Today the shareholders of EFACEC they had approved a hostile takeover bid to NVE Corp. A source from EFACEC said " with the good results that we have present today to the shareholders, we open a new door for the EFACEC group, enter in new new universe for the XXI century was the principal goal of this meeting with the shareholders. We believe that we can carried the mission to buy NVE Corp and take good profits from this takeover." The major shareholder of NVE Corp will be informed of the intention of EFACEC in acquire NVE Corp.. EFACEC, will notifie tomorrow the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of NVE Corp shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid. EFACEC will launch a takeover bid for NVE Corp with the payment of 17,75 euros for each of the that responded to the tender offer, this initial offer could reach the limit of price of 18.85 euros for each share of the american company.
Abaut EFACEC :
Constituted in 1948, Group EFACEC is the biggest national group of Portuguese capitals, in the domínios of the electronic and the electromecanic. It is formed by some societies whose activities enclose the conception and production of equipment, design of systems and the conception of the solutions in the areas of Logistic, Surrounding Energy, Transports, Telecommunications, Industry, Buildings and Services. The activity of the Group extends for all the continents, becoming to represent for units manufacter, branch offices, joint-ventures with commercial local and representative companies. Of it enters the 1800 effective collaborators more than, of which 35% have superior formation, the Efacec counts highly on technician qualified that assure high standards of quality and assistance to its customers. http://foros.recoletos.es/foros-diarioeconomico/thread.jspa?threadID=452&tstart=0
Market Data 
Markets 
AI
