Takeover bid for Quantum

The majority shareholder of Quantum Corp. (GLO), Athanassios Ktorides announced the intention to submit a public takeover bid, seeking 100% control of the company, offering shareholders CYP 250 per share in cash.

The shares of GLO did not show any reaction to the news as there were no trades. On Monday, the share price fell to a fresh record low of the year at CYP 95 per share.

According to Financial Mirror calculations, some 250 small shareholders are currently on the share register of Quantum.