MiddleGround Capital Initiates Delisting Tender Offer for STEMMER IMAGING AG

The acceptance period for MiddleGround Capital's public delisting tender offer for STEMMER IMAGING AG began on November 29, 2024. Ventrifossa BidCo AG, the majority shareholder and a MiddleGround Capital-controlled entity, seeks to acquire the remaining shares it does not already own. The German BaFin has approved the publication of the offer document.

The acceptance period concludes on December 27, 2024. The bidder currently holds 83.5% of STEMMER IMAGING's shares. The offer price is set at EUR 48.00 per share, representing a 52% premium over the July closing price, unimpacted by previous takeover attempts.

The delisting agreement, concluded on November 6, 2024, includes support for delisting by STEMMER IMAGING's Management and Supervisory Boards. The tender offer facilitates share tendering before trading ceases on the Frankfurt Stock Exchange, expected by December 2024's end. This move ends the company's extensive reporting obligations.