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Landis+Gyr Group Closes CHF50 Million Offer for Share Buyback

MT Newswires·08/19/2026 01:13:27
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01:13 AM EDT, 08/19/2026 (MT Newswires) -- Landis+Gyr Group (LAND.SW) said Wednesday it closed its offer to buy back up to 1 million shares at a fixed price of 50 francs apiece, with total tendered shares surpassing the target. The Swiss energy technology company allocated up to 50 million francs for the offer that closed on Tuesday with 4,106,869 registered shares tendered. It will accept the tendered shares on a pro-rata basis, with settlement scheduled for Friday. Following completion of the offer, Landis+Gyr also plans to launch another share buyback program as part of its previously announced $175 million shareholder return linked to the sale of assets in the Europe, Middle East and Africa region.