Persistent Completes Nagarro Takeover at 83.25% Stake

🔹 Persistent Systems has secured an aggregate 83.25% shareholding in Nagarro SE, exceeding the minimum takeover threshold of 50% plus one share. 🔹 A total of 7,568,145 Nagarro shares were tendered during the initial acceptance period. 🔹 Nagarro shareholders who have not yet tendered their shares can accept the offer at EUR 81 per share in cash. 🔹 The additional acceptance period will run from September 23 to October 6, 2026. 🔹 Persistent intends to pursue the delisting of Nagarro shares from the Frankfurt Stock Exchange, subject to legal feasibility. 🔹 Transaction closure is expected by the end of Q1 CY2027, subject to regulatory approvals. 📊 Strategic Perspective: The acquisition is intended to support Persistent's vision of building a global, AI-led digital engineering business by combining its capabilities with Nagarro. 📢 Investor Takeaway: The announcement marks a significant milestone in Persistent's international expansion strategy. The proposed delisting and transaction completion remain important developments to monitor. 💬 What are your views on Persistent Systems' Nagarro acquisition strategy? Like | Share | Follow AFS Trading Edge for more corporate updates. Disclaimer: For information and educational purposes only. This post is not investment advice or a recommendation to buy or sell any securities.