(Alliance News) - The takeover bid launched by Femto Technologies on the ordinary shares of Prima Industrie Spa has closed with more than 97 percent of the capital being reached.

Following the closing of the offer, Femto will now pay EUR25.00 for each share tendered in the takeover bid, spending a total of EUR95.5 million.

Prima Industrie shares will be suspended from the Italian Stock Exchange for the sessions of Friday, March 3, and Monday, March 6, and will be removed from the Piazza Affari on Tuesday, March 7.

Prima Industrie's stock is down 0.2 percent at EUR24.95 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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