Persistent Systems says it has successfully completed its takeover offer for Nagarro. It reports that by the end of an additional acceptance period, about 94.04% of Nagarro’s share capital (and voting rights) has been secured. The company says this level is well above the minimum acceptance threshold of 50% plus one share required for the offer.
PR Newswire and NDTV describe how the stake is built from both the takeover offer and an existing position. NDTV adds that Persistent already held about 22.10% through a share purchase agreement with Lantano Beteiligungen GmbH before the offer results were finalized. PR Newswire reiterates that Persistent’s total secured holding exceeds 90% and that the offer ends successfully after the acceptance period expires. The outlets focus primarily on the ownership and voting-rights level reached, with no additional details on pricing or next steps included in the provided excerpts.
