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The latest announcement is out from Vow Green Metals AS ( (DE:9G5) ).
Vow Green Metals AS has received a voluntary cash offer from Midas Industri AS to acquire all outstanding shares at NOK 0.95 per share, excluding shares owned by Rollover Shareholders. The board has unanimously recommended shareholders accept the offer, which has already been pre-accepted by holders of approximately 67% of the shares. The offer period is set to expire today, with shareholders needing to complete and return the acceptance form as per the Offer Document. This acquisition could significantly impact Vow Green Metals’ market positioning and operations, potentially enhancing its capacity to lead in the biocarbon industry.
More about Vow Green Metals AS
Vow Green Metals AS is a company focused on producing biocarbon and other carbon-neutral products to facilitate the green transition in industries that are difficult to decarbonize. Their core business involves building, owning, and operating biocarbon production plants using advanced pyrolysis technology to convert biomass and biomass waste into biocarbon, bio-oil, and bioenergy. The company aims to replace fossil-reduction agents in the metallurgical industry and is supported by its largest shareholder and technology partner, Vow ASA.
YTD Price Performance: 33.62%
Average Trading Volume: 722,382
See more insights into 9G5 stock on TipRanks’ Stock Analysis page.