Sidenor in talks to buy some or all of Spanish train maker Talgo
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2024
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Source: Yahoo Finance
Sidenor's Interest in Talgo: Basque steel maker Sidenor is negotiating with Talgo regarding a potential acquisition of shares, which has led to a 6% increase in Talgo's stock price following Sidenor's letter expressing interest in a tender offer.
Previous Tender Offer Withdrawal: This development follows the withdrawal of a previous tender offer for Talgo by the Hungarian consortium Ganz-Mavag, which was influenced by opposition from the Spanish government.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
