Regions :: Eastern Europe :: Poland
Acron Again Extends Offer for Azoty Tarnów; Management Rejects Proposal
8:57 AM MDT | July 6, 2012 | Natasha Alperowicz
The Acron Group (Velikiy Novgorod, Russia) today announced that it is extending its tender offer to buy a majority stake in ZakĹ‚ady Azotowe w Tarnowie-MoĹ›cicach S.A. from July 13, 2012, to July 16, 2012,or two days after Azoty Tarnów's extraordinary shareholders meeting scheduled for July 14. Acron made a bid through its Norica Holding subsidiary to buy up to a 66% share in the Polish producer at Zl36 ($10.77)/share. Tarnów's management is opposing the proposed acquisition. Last month the board of Azoty Tarnów said...
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