It seems to be like an public sale at Christie’s, with repeated bids. Xenon has simply introduced that it has raised the worth of its public tender provide on Eles Semiconductor Equipment to three.20 euros per share from the earlier 2.95. The new worth incorporates a premium of 40.9% in comparison with the official worth of the atypical shares recorded on 22 October 2025 (final buying and selling day earlier than the announcement of the Offer), in addition to 20.8% in comparison with the worth of the Opa Mare Group equal to 2.65 euros as elevated on 10 December 2025. In any case, all different phrases and situations of the provide stay unchanged, together with the membership which can be between 5 January 2026 and 6 February 2026, except prolonged. In brief, the dispute for management of Eles between Xenon Mare Group
The state of affairs
We’ll see if the brand new relaunch modifications something. But in line with what was communicated on Saturday by Mare, the primary shareholder with round 38% of the capital, it doesn’t appear to be only a query of worth: «Mare Group’s resolution to not be a part of the general public buy provide promoted by Xenon Private Equity on Eles Semiconductor Equipment marks a turning level within the recreation for management of the corporate. With the exit of a major industrial shareholder, the takeover bid stays completely uncovered to its personal situations precedent, shifting the middle of gravity of danger from the bidders to the market.” Mare stressed that he did not want to join and that he did not want delisting. We will see later
https://www.ilsole24ore.com/art/contesa-eles-piazza-affari-xenon-rilancia-un-opa-320-euro-AIaitac