Centrum Klima Rises to 10-Month High in Warsaw on Purchase Offer
The shares gained as much as 26.1 percent to 14.13 zloty, the highest level since July, and traded 25 percent stronger at 9:44 a.m. in Warsaw, valuing the company at 119.3 million zloty ($37.9 million).
Lindab will complete the purchase of 51.8 percent stake in Centrum Klima today at 14.5 zloty per share, and it will announce a cash tender offer for the remaining stake at the same price on May 2, the Swedish company said in a statement on April 27.
To contact the reporter on this story: Piotr Bujnicki in Warsaw email@example.com
To contact the editor responsible for this story: Gavin Serkin at firstname.lastname@example.org