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Grammer annual assembly halted by Bosnia-backed financier group



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FRANKFURT — Grammer CEO Hartmut Mueller urged a supplier’s shareholders to behind Ningbo Jifeng’s takeover offer, as a Bosnia-backed financier organisation against a pierce and forced a hindrance to a German company’s annual ubiquitous meeting.

Last month Chinese retailer Ningbo Jifeng done an demonstrative offer of 61.25 euros ($71.96) per Grammer share.

Cascade, an investment car tranquil by a Hastor family has discharged a takeover offer as insufficient, perfectionist 85 euros to 100 euros a share.

Mueller on Wednesday pronounced Grammer has no skeleton for a fist out of minority shareholders, he told a company’s annual ubiquitous meeting.

Last month, Grammer said it was is in modernized negotiations over a understanding that could value a German builder of seats during about 750 million euros ($872 million).

Contact Automotive News


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