Tender offer announced for food & beverage equipment supplier CFT

ATS Automation Tooling Systems Inc., an industry-leading automation solutions provider, has announced its intention to acquire, by way of a voluntary public tender offer, CFT S.p.A. The tender offer of €4.60 per share represents a total equity value of €88 million and a total enterprise value of €166 million (~C$260 million). “This is a highly…

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