Saes Getters Shareholder Group Challenges Buyout Offer (1)

Investors including Amber Capital, Anima Holding, Kairos Partners, Mediolanum Gestione Fondi and Sinclair Capital are dialing up pressure on the board of Italian materials manufacturer Saes Getters SpA after it backed a buyout price they deem too low, according to people familiar with the situation.

Controlling shareholder SGG Holding SpA, which owns about 30% of Saes Getters, is offering to buy outstanding shares of the Milan-based company for €26.3 ($28.58) apiece, well below the €32.86 to €34.08 per share the investor group, which holds around 10% of the firm’s capital, is seeking, said the people, asking not ...