India, Aug. 14 -- Friday, Nagarro SE (NGRRF.PK, NA9.F) announced that its Management Board and Supervisory Board have recommended all its shareholders to accept the public takeover offer by Galaxy Germany Holding SE, a company directly controlled by India-based Persistent Systems Limited.
This comes as the Boards have independently and carefully reviewed and evaluated the offer document. They believe that the offer price of EUR 81.00 per Nagarro share is adequate and fair, which exceeds the median of the target price expectations by research analysts of EUR 72.00 by approximately 12.5 percent and includes a premium of EUR 9.00.
The Boards expect the offer to allow shareholders to secure immediately and upfront a significant share of the t...