Payton Planar Magnetics and Payton Industries Abandon Merger Plans
Payton Planar Magnetics and its parent company Payton Industries have decided to terminate cash merger negotiations. This decision follows their analysis that obtaining approval for the transaction under the proposed terms was not feasible, given the rise in the stock prices of both companies.
Cancellation of the Proposed Merger at 7.38 Euros per Share
On April 6, 2026, Payton Planar Magnetics and Payton Industries announced that they were in advanced negotiations for a triangular cash merger. Shareholders of Payton Planar Magnetics, excluding the parent company, would have received 7.38 euros per share in exchange for their shares. The operation was subject to certain prerequisites, including shareholder approval. However, due to perceived market changes and the increase in the stock prices of both companies, the groups jointly concluded that securing this approval under the initially proposed conditions was no longer feasible.
Both Entities to Remain Listed Separately
Payton Planar Magnetics and Payton Industries have decided to continue as separate listed entities. Payton Industries intends to continue supporting Payton Planar Magnetics as a long-term shareholder. Both groups remain convinced of the economic relevance of moving towards a single listing for the group, although they regret that the proposed transaction could not be completed. While there is currently no immediate intention to revisit the matter, the parties reserve the possibility of considering a combination in the future.
