The German secondary value of Artnet ensures a preserved offer on Tuesday with a preserved offer.
The course of the online art trading provider temporarily shoots up to 11.10 euros by Xetra and thus approaches the offer of an investment company that is 11.25 euros high. At times, the course even made a little more than 11.40 euros.
The takeover speculation around Artnet is not brand new, because in April the company itself announced discussions with two investors about a possible takeover offer of at least 11 euros per share. Before that, the course was around 8 euros and in March under the 6-euro brand. Those who already had the shares in the depot were able to increase their value much more clearly.
The now announced bid comes from an investment company that is to operate under Leonardo Art Holdings in the future. Artnet supports the offer, the aim is to delisting the stock exchange. Even irrevocable other agreements have already been concluded with various shareholders.
Historically, the share level reached on Tuesday is by no means a record: at the end of 2021, for example, up to EUR 12.70 had been paid for Artnet papers. In 1999 it was up to 66.50 euros before the turn of the millennium in the early phase of the stock market note. At that time, the share was a child of the new market, the market segment of the German stock exchange introduced as a counterpart to the NASDAQ technology-based US exchange. However, Artnet was sunk up to less than 8 euros at the end of 1999 – even before the so -called “Dotcom bubble” burst.
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Frankfurt (dpa-Afx)