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ATS Announces Successful Conclusion of Tender Offer for Acquisition of CFT
ATS Announces Successful Conclusion of Tender Offer for Acquisition of CFT Cana...
About this update from Ats Corporation
[{"type":"text","content":"\n \n \n \n ATS Announces Successful Conclusion of Tender Offer for Acquisition of CFT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CAMBRIDGE, ON\n \n ,\n \n March 12, 2021\n \n /CNW/ - ATS Automation Tooling Systems Inc. (\n \n TSX:ATA\n \n ) (\"ATS\" or the \"Company\"), an industry-leading automation solutions provider, today announced results for the voluntary public tender offer launched by ATS Automation Holdings Italy S.r.l., a limited liability company indirectly and wholly controlled by ATS, to acquire 100% of the outstanding shares and voting rights of CFT S.p.A (\n \n BIT:CFT\n \n ) (\"CFT\"), an established global supplier to the food and beverage equipment market. The tender offer period expired on\n \n March 12, 2021\n \n . Subject to confirmation of final numbers by the applicable intermediary by\n \n March 18, 2021\n \n , approximately 17,995,381 shares, representing approximately 93.92 percent of CFT's outstanding shares, were validly tendered in the offer. All conditions of the tender offer having been satisfied, the shares submitted to the tender offer will be purchased prior to the end of\n \n March 2021\n \n , on the settlement dates established in the tender offer documents.\n \n \n \n \n \n \n \n \n \n \n About ATS\n \n \n ATS is an industry-leading automation solutions provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services, including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, chemicals, consumer products, electronics, food, beverage, transportation, energy, and oil and gas. Founded in 1978, ATS employs approximately 4,200 people at 20 manufacturing facilities and over 50 offices in\n \n North America\n \n ,\n \n Europe\n \n ,\n \n Southeast Asia\n \n and\n \n China\n \n . The Company's shares are traded on the...