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STEMMER IMAGING Receives Takeover Bid

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The management board of STEMMER IMAGING has concluded an investment agreement with MiddleGround Capital, who plan to submit an offer to acquire all outstanding shares of the company at a price of €48 (~$52) per share, implying an equity value of €312 million. Following the acquisition’s completion, expected in the fourth quarter of 2024, MiddleGround Capital intends to take STEMMER IMAGING private.

MiddleGround Capital has already secured a stake of approximately 69.4% of all outstanding shares through a purchase agreement with STEMMER IMAGING's majority shareholder PRIMEPULSE SE, who will remain as a minority shareholder. Shareholders and members of the management board holding approximately 8.3% of outstanding shares have agreed to accept MiddleGround Capital’s offer.

The management and supervisory boards of STEMMER IMAGING reportedly support the offer, subject to review of the yet to be published offer document.
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Published: July 2024
Glossary
machine vision
Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
Businessacquisitionsmergers & acquisitionsmachine visioncamerasImagingautomationStemmer ImagingMiddleGround CapitalPRIMEPULSE SEPRIMEPULSEofferbidtakeoverprivateShareholderSharesoutstanding sharesacquireEuropeThe News Wire

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