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Discussions are underway regarding the acquisition of majority stake and takeover of Wacker Neuson SE by Doosan Bobcat Inc.
According to a statement from Wacker Neuson Group, Wacker Neuson SE's executive board is in advanced discussions with Doosan Bobcat Inc. regarding the possible acquisition of a majority stake in Wacker Neuson, as well as a public takeover of Wacker Neuson by Doosan Bobcat.
The company reports that Doosan Bobcat is considering acquiring shares amounting to approximately 63 percent of Wacker Neuson’s share capital from major shareholders and launching a public takeover offer in the form of an all-cash offer to all remaining Wacker Neuson shareholders.
Furthermore, Wacker Neuson shared, "At present, Wacker Neuson cannot predict whether the sale of shares by the major shareholders or a public takeover offer will actually take place. Wacker Neuson will inform the capital markets and the public of any further developments in accordance with legal requirements."
