India, June 27 -- Galaxy Germany Holding SE, a wholly-owned subsidiary of Persistent Systems Limited, announced its intention to launch a voluntary public takeover offer for all outstanding shares of Nagarro SE at a price of 81 euros per share. The all-cash offer represents a premium of approximately 140% compared to Nagarro's undisturbed closing price on June 25, 2026.
Nagarro's Management and Supervisory Board have expressed strong support for the transaction, highlighting their conviction in the strategic merits of the partnership. Persistent has already secured an approximately 21% stake in Nagarro (excluding treasury shares), with the company's largest shareholder committing its entire stake under a binding agreement. In addition, mem...