Persistent bidder clears 83.25% stake threshold in Nagarro offer
Persistent’s bidder secured about 83.25% of Nagarro (61.15% tendered plus ~22.10% pre-secured), surpassing the 50%+1 threshold. An additional acceptance period runs Sept 23–Oct 6 at €81.00 per share, with delisting intended after closing subject to approvals.
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02:34:25 PM UTC
SquawkNews
Persistent’s offer for Nagarro received tenders for ~61.15% and a pre-secured ~22.10%, totaling ~83.25%. Holders can still tender at €81.00 in the additional period from Sep 23 to Oct 6, 2026. Persistent intends to pursue a delisting.Material DetailsContext by AI AnalystThis is a late-stage confirm…
10% pre-secured, which clears the 50%+1 threshold. 00 per share. A delisting is intended after closing, subject to approvals.