Balyo shares jumped over 50% on Thursday on the Paris Bourse, as Japanese conglomerate SoftBank considered launching a takeover bid for the French forklift robotization specialist.

In a press release issued yesterday evening, the two groups stated that they had signed a memorandum of understanding providing for the filing of an all-cash tender offer at a price of 0.85 euros per share.

This amount represents a premium of around 54% to the volume-weighted average share price over the last 30 trading sessions.

Balyo's management welcomed the proposed offer, believing that the transaction would give the company access to SoftBank's global network of over 470 technology companies.

'Balyo's Board of Directors believes that this partnership will enable the company to benefit from SoftBank's technological and commercial expertise, while providing it with the financial resources necessary to achieve its full growth potential', it said.

At around 10:00 a.m., shares in the manufacturer of autonomous forklift-trucks had risen by over 50% to almost match the expected takeover price, giving the company a market capitalization of 27.4 million euros.

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