Betaville Intelligence

UNCOOKED ALERT: Recticel said to ...

Wednesday, 8 September 2021, 3:40 pm

Recticel, the Belgian insulation products maker, is said to have attracted a rival suitor.

Recticel, which makes foam insulation and other construction materials, has this year been trying to fend off a takeover approach from Greiner AG, an Austrian plastics manufacturer.

However, people following the situation have heard rumours a rival western European company is circling Recticel with a view to launching an offer for the Belgian company in the next few weeks.

In May Greiner said that it would start a conditional voluntary public takeover offer to buy Recticel’s outstanding shares at EUROS 13.50 apiece after reaching an agreement to acquire Cie. du Bois Sauvage’s 27pc stake in the Belgian company stake at the same price.

To be clear, the above story is UNCOOKED. In case you don't remember I have pasted the definition of UNCOOKED below:

UNCOOKED: Market gossip as Betaville receives it. This scuttlebutt has just come in and hasn't been checked with all of Betaville's well-informed RARE sources let alone formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop, rubbish or nonsense - but then again there may be something in it, so it's worth airing on Betaville...

Tags: Recticel

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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