Mentioned
NAGARRO SE
NA9.DE
0.10 (0.13%)
78.30
78.35
chadant09
chadant09
Fernando Gutierrez Lopez
0%
Fernando Gutierrez Lopez
Fernando Gutierrez Lopez
Spain
1mo
๐’๐ฎ๐›๐ฃ๐ž๐œ๐ญ: ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐๐š๐ ๐š๐ซ๐ซ๐จ ๐ง๐ž๐ฐ๐ฌ One of our major positions, which we started building in April 2026 due to its significant discount to fair value, has surprised us in a very short period of time. $NA9.DE (NAGARRO SE) has entered a very interesting phase for investors: a confirmed dividend, a strong rally in the stock price, and a takeover offer that could completely change the investment case. The company announced a dividend of EUR 1 per share, payable on July 2, 2026, with the ex-dividend date set for June 30, 2026. But the headline that dominates everything is the voluntary takeover offer launched by Persistent Systems ( an Indian company) at EUR 81 per share in cash. That price represents a premium of around 93.5% over the three-month volume-weighted average price and values the transaction at roughly EUR 1 billion. The market reacted strongly: the stock rose by around 90% at the opening on Monday, current price around EUR 77 per share, although it was still trading at a small discount to the offered price, reflecting execution risk and the regulatory timeline. From a financial perspective, what matters most is not only the price, but also the structure of the deal: there is a business combination agreement, board support, and a minimum acceptance condition of 50% plus one share. In addition, the founder shareholder has already committed to sell approximately 20% of his stake at the offer price. In my view, for shareholders, it is a good deal to sell a significant portion of their shares at that price. Best regards, Fernando Gutiรฉrrez @chadant09
Not investment advice. The author may have financial interests in the mentioned instruments.
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NA9.DE
NAGARRO SE
78.35
0.10 (0.13%)
2 Mentioned
NAGARRO SE
NA9.DE
NAGARRO SE
chadant09
chadant09
Fernando Gutierrez Lopez
1 reply
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