Having purchased shares yesterday, Bosch now holds a stake of just under 82 percent in the German company. At the end of 2009, it owned 68.70 percent of aleo.
Referring to the companys most recent purchase, Stefan Asenkerschbaumer, Bosch chief financial officer explains: "We took advantage of an opportunity to increase our stake."
Furthermore, Bosch says it is looking to communicate with the remaining stockholders, with a view to buying them out. The company explains it will make them a public offer of 22 per share. This price is reportedly 26 percent higher than the average share price quoted by Xetra over the past three months.
"We are confident that many stockholders will seize this opportunity and take advantage of this offer, which is both fair and attractive," Asenkerschbaumer concluded.
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