NLB Raises Addiko Takeover Bid to 37 Euros Per Share in Competitive Auction
NLB, a Slovenian bank, raised its offer to acquire Addiko Bank to 37 euros per share, outbidding Austrian competitors in a takeover battle
Slovenia
NLB Raises Addiko Bank Bid to 37 Euros Per Share in Escalating Takeover Contest
In a competitive bidding process for Addiko Bank, NLB (Nova Ljubljanska Banka) from Slovenia raised its takeover offer to 37 euros per share, competing against Austrian bidders for control of the bank.
Slovenian NLB Intensifies Addiko Bank Bid Despite RBI’s Initial Approval
In a bidding contest for Addiko Bank, Austrian RBI has achieved initial success against Slovenian competitor NLB. However, NLB has not given up and has improved its takeover offer.
European Airlines Sit on €3.2 Billion in Unpaid Passenger Delay Compensation
European airlines have failed to pay billions in passenger compensation for flight delays as required under EU261/2004 regulation. Analysis by the Financial Times shows that since 2011, €18 billion in compensation has been due to passengers, but only a small portion has actually been paid, leaving €3.2 billion currently unpaid.
Addiko Bank Board Backs RBI Takeover Bid Over Competing Slovenian Offer
The board of Addiko Bank recommends shareholders accept RBI’s takeover offer over the competing bid from Slovenian NLB, viewing RBI’s proposal as more favorable despite a lower price.