Fedha sp. z o.o. made a tender offer to acquire 30.08% stake in Vantage Development S.A. (WSE:VTG) for PLN 61 million on February 6, 2017. Under the terms of the tender offer, Fedha will acquire remaining 18.78 million Vantage shares not held by Grzegorz Dzik, Jozef Biegaj, Nutit AS and Trade Bridge Czechy a.s. for PLN 3.25 per share. Jointly these parties own approximately 69.92% stake in Vantage. The tender offer will commence from February 23, 2017 and will close on March 27, 2017. As on February 21, 2017, management board of Vantage Development is considering the price as fair value. As on March 23, 2017, Fedha increased the price offered in the bid to PLN 3.7 per share. The acquisition is expected to close on March 30, 2017. Fedha sp. z o.o. completed the acquisition of 24.2% stake in Vantage Development S.A. (WSE:VTG) on March 30, 2017. Fedha acquired 15.1 million shares in the buyout offer out of 18.8 million shares of Vantage.