2023-09-08 05:57:03
Zurich (awp) – Industrial conglomerate Georg Fischer has moderated its offer for Finnish pipes specialist Uponor to 28.50 euros per share, compared to 28.85 euros so far. The adjustment responds to the payment of a dividend of 35 euro cents to shareholders of the Scandinavian group, scheduled for September 20, explains the Schaffhausen company in a press release on Friday.
The buyback offer, which was initially scheduled to close on September 1, has been extended until October 31.
As of August 30, Goerg Fischer had acquired some 6.95 million Uponor shares listed on the Nasdaq index on the Helsinki Stock Exchange. This volume represents 9.5% of the share capital, bringing Georg Fischer’s total stake to 46.6%.
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