Spanish train maker Talgo receives merger offer from Czech rival Skoda
A logo is seen on a wheel of a Skoda car during the Prague Autoshow in Prague, Czech Republic, April 13, 2019. REUTERS/David W Cerny/File Photo
MADRID (Reuters) - Spanish train maker Talgo said on Tuesday it received a merger offer from Czech rival Skoda four months after Hungarian consortium Ganz-Mavag launched a public tender offer for all Talgo shares.
Skoda, which is unrelated to the car maker owned by Germany's Volkswagen, made an offer of "business combination and industrial merger" without any economic offer, Talgo said in a statement.
Talgo said it had asked Skoda for detailed information to be able to evaluate whether it surpasses the 619 million euros ($674 million) in cash offered by Ganz-Mavag on March 7.
The Spanish government has said it would look carefully at the deal as it considers Talgo a strategic asset.
($1 = 0.9186 euros)
(Reporting by Inti Landauro; editing by Jason Neely)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- GoDaddy surges 11% after FT reports takeover bid by Gen Digital
- Hafnia stock falls after increasing stake in Torm to 19.85%
- Oppenheimer Reiterates Outperform Rating on Ligand Pharma (LGND)
Create E-mail Alert Related Categories
ReutersRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share