Isagro responds to tender offer for its takeover by Gowan

摘要

Italian agrochemical company Isagro's (Milan) board has deemed a price of €2.76 ($3.37) per ordinary share as "appropriate" to be tendered to the mandatory tender offer (MTO) from US agrochemical company Gowan (Yuma, Arizona). The US company has launched an MTO to purchase all outstanding shares of Isagro through its UK subsidiary Crop Demetra (Reading). The capital stock of Isagro is composed of some 38.7 million ordinary shares.