Euronext Nears Final Phase of ATHEXGroup Takeover as Acceptance Deadline Expires
The acceptance period for Euronext's public offer for the Hellenic Exchanges (ATHEXGroup) closes today at 14:00, marking the final step before the official results are released. Euronext plans to announce the level of shareholder participation on 19 November 2025, with the delivery of the exchange shares to those who accepted the offer scheduled for 24 November. According to sources, by late Sunday evening shareholders holding about 60% of the voting rights had already accepted the bid. Under the terms of the information memorandum, if Euronext acquires more than 90% of ATHEXGroup, it automatically gains the right to initiate a squeeze-out process for the remaining shares. Shareholders are able to choose between receiving Euronext shares based on the proposed exchange ratio or taking cash at €5.98 per share. Those who do not submit a preference will automatically receive Euronext stock. If Euronext surpasses 95% of the voting rights...
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