Boryszew S.A. (WSE:BRS) made an offer to acquire an additional unknown minority stake in Impexmetal S.A. (WSE:IPX) on May 17, 2019. Under the terms of the tender offer, Boryszew, along with Impexmetal will acquire 64.62 million of Impexmetal shares at PLN 4.25 per share. Both companies together will hold all 190 million shares of Impexmetal. Post completion, Boryszew will possess directly and indirectly 179.3 million shares of Impexmetal. Boryszew will seek a squeeze out and delisting should it garner 90% of Impexmetal as a result of the bid. The tender will open on June 6 and run through June 13. A second round will run July 8 to 11. As of July 9, 2019, Impexmetal and Boryszew bought around 46.78 million Impexmetal shares in the first stage of the bid. As of July 11, 2019, Impexmetal acquires 53.9 million Impexmetal shares.

Boryszew S.A. (WSE:BRS) completed the offer to acquire the additional unknown minority stake in Impexmetal S.A. (WSE:IPX) on July 11, 2019.