Final decision on Witex stock acquisition by Pergo postponed
Pergo announced months ago that an agreement had been signed whereby Pergo would acquire all HW Industries GmbH & Co. KG’s shares in Witex Ag through a directed share issue of 20 percent in Pergo and a cash consideration of 6 million Euros.
A decision on the acquisition has been postponed, since financing has not yet been secured in a manner acceptable to both parties. The parties have together decided to postpone the closing of the transaction, according to Pergo.