Antonio Eduardo Tabanelli and Rosana Beatriz Martina Tabanelli made a takeover offer to acquire remaining 11.5161% stake in Boldt S.A. (BASE:BOLT) for ARS 2.9 billion on March 8, 2023. The offerors will pay ARS 7.92 cash per share. Prior to this transaction, Antonio Eduardo Tabanelli and Rosana Beatriz Martina Tabanelli, each hold 1,386,774,467 and 1,401,136,973 shares, representing 44.0140% and 44.4699% stake in target, respectively. The shares will be acquired in such proportion that following closing each of them will hold a 50% stake. As of May 17, 2023, the transaction has been approved by CNV. The offer will commence on May 19, 2023, and close on June 12, 2023. As of June 15, 2023, The Offer was accepted for 125,052,297 Shares representing 3.9689637% of the total 3,150,754,394 issued and outstanding shares of the Boldt. The Shares submitted to the Offer represent 34.46% of the 362,842,954 Shares to which the Offer was addressed. The Offer was accepted by 737 shareholders, of which 718 are individuals, 19 are legal entities and 2 are institutional investors. The Settlement Date will be June 16, 2023.


The offer is not subject to any conditions and will be maintained regardless of the number of acceptances received. The offer is subject to the formal approval of the National Securities Commission. The offer will be open for acceptance for a period of fifteen. Aldazabal y Cia. SA, will act as offer agent.