August 22 (SeeNews) - Luxembourg-based Rucio Investment's buyout bid for Slovenian software developer Datalab Tehnologije [LJE:DATG] is considered successful as it exceeded the 80% threshold, Datalab said.
Consequently, the September 7 deadline for accepting the takeover offer will not be extended by 14 days, Datalab said in a filing to the Ljubljana Stock Exchange on Monday.
You can subscribe to our M&A newsletter here
Rucio Investment which controlled 1,544,036 shares of Datalab's equity capital, proposed on August 3 to buy the remaining 645,848 shares at a price of 11 euro ($12.0) apiece.
Last month, Datalab said Rucio Investment plans to launch a buyout bid for its capital. The executive manager of Datalab, Andrej Mertelj, is among the three legal representatives of Rucio Investment.
Datalab Tehnologije has a total of 2,189,884 ordinary shares with a total market capitalisation of 23.65 million euro. The Slovenian company develops business software and provides consultancy and professional training. Datalab Tehnologije's Pantheon business IT system enables small to midsize companies to monitor and optimize business processes.
($ = 0.915129 euro)