Pankl: Cross Industries Extends Takeover Bid

Business › n.a. ♦ Published: July 24, 2012; 16:15 ♦ (Vindobona)

CROSS Motorsport Systems AG to extend the bid to the shareholders of Pankl Racing Systems AG.

Pankl: Cross Industries Extends Takeover Bid / Picture: © Pankl

On 4 July 2012, CROSS Motorsport Systems AG (the ”Offeror“) placed a public compulsory offer (the “Bid”) according to section 22 of the Austrian Takeover Act to the shareholders of Pankl Racing Systems AG to buy all shares of Pankl Racing Systems AG which are not held by the Offeror, parties acting in concert with the Offeror and shareholders who issued a binding…

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