Exosens Soars to New Heights Amidst Acquisition News
Exosens, a French night vision goggle company, saw a significant increase in its stock price, rising over 15% to 50 euros per share. This surge follows an announcement by Theon International, a Greek company, about acquiring a 9.8% stake in Exosens at a 17.78% premium over the previous price.
Exosens, the French manufacturer of night vision goggles, experienced a dramatic rise in its stock value, hitting a record 50 euros per share on Monday. This uptick came after Theon International, a Greek competitor, declared plans to purchase a minority stake in the enterprise.
Theon International announced on Saturday that it had struck an agreement to acquire 9.8% of Exosens for 268.7 million euros (approximately $311.9 million). This purchase price translates to 54 euros per share, showcasing a 17.78% premium over Exosens' previous closing price of 45.8 euros last Friday.
The deal highlights the growing competition and consolidation within the night vision technology industry, setting the stage for potential future market shifts.
(With inputs from agencies.)
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