Debt-Free Acquisition. Increase in Free Float. [Yahoo! Finance]
SODEXO S/ADR (SDXAY)
NASDAQ:AMEX Investor Relations:
sodexo.com/home/finance.html
Company Research
Source: Yahoo! Finance
of its production capacities, technological innovation, and strengthening of its position in international markets, including investments in robotisation and automation. In line with these objectives, the funds raised will be used, among other things, to cover the recently completed acquisition in Italy. At the same time, thanks to ABB, the company increased its free float on the Prague Stock Exchange, which had been repeatedly recommended by experts as a necessary condition for increasing liquidity. “ We consider ABB to be a logical step for a company that is already listed on the stock exchange, with the aim of supporting business development and thereby increasing value for investors. Once a company decides to enter the stock market through an IPO, it is logical that over time it will also carry out a secondary offering. In our case, we did not want to take such a significant step before an opportunity for a strategic acquisition arose. We had already announced the acquisition of
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