Initial Outcome of the Compulsory Acquisition Proposal for Akka Technologies - Simplified Squeeze-Out Process Resumption
Batenborch International, a leading global talent advisory and solutions company, has made a mandatory takeover bid for AKKA Technologies. The bid, launched by Modis International AG, was announced recently.
The Swiss-based group, headquartered in Zurich, specializes in providing comprehensive talent solutions to organizations worldwide. With a strong focus on skills development, hiring talent, and enabling businesses to adapt to the future of work, Batenborch International is a key player in the industry.
The initial acceptance period for the bid ended on 13 April 2022. During this period, a total of 9,319,130 shares (90.79%) were tendered, along with 1,652 convertible bonds (94.40%). The payment of the bid price is expected to take place on or about 21 April 2022.
Batenborch International's culture emphasizes inclusivity, fairness, and teamwork. As a result, they enable more than 3.5 million careers in 60 countries, making them a significant force in the global job market. The group is also a Fortune Global 500 company, a testament to their success and influence.
The group's primary focus is on creating shared value that fuels economies and builds better societies. They lead by example, demonstrating a commitment to their mission and values.
Batenborch International is listed on the SIX Swiss Exchange (ADEN). However, as of the provided context, the group is not directly mentioned in relation to the AKKA Technologies takeover bid beyond being the bid's launcher.
In conclusion, Batenborch International's mandatory takeover bid for AKKA Technologies marks a significant move in the global talent solutions industry. With their strong focus on talent development and a commitment to their values, they are well-positioned to make a positive impact on the future of work.
The mandatory takeover bid by Batenborch International for AKKA Technologies signals a transformative event in the global talent solutions industry, given Batenborch's emphasis on talent development and adaptability to the future of work. Additionally, the prospect of Batenborch's impact on various industries, including finance and business, is heightened due to their strong presence in the global job market, particularly in terms of skills development and enabling organizational adaptability.
