Speedel Holding Ltd. (SWX: SPPN) today announced that yesterday evening, five major shareholders of Speedel, including Alice Huxley, Chief Executive Officer of Speedel, have informed the Board of Directors of Speedel that they have entered into and closed a binding agreement with Novartis under which Novartis purchased all their registered shares of the company for a total consideration of CHF 525.4 million. This represents a purchase price of CHF 130.00 per registered share.
Following the closing of the agreement with Speedel's major shareholders, Novartis, including the 9.7% stake in Speedel prior to this announcement, now holds 61.4% of Speedel
Following the closing of the agreement with Speedel's major shareholders, Novartis, including the 9.7% stake in Speedel prior to this announcement, now holds 61.4% of Speedel
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