Whitebeam Holdings, Tidal Wave Trading and Policolor’s combined stake in paint producer Orgachim has surpassed the 95% threshold as a result of a tender offer to the minority shareholders. As a result, the three tendering parties can proceed with their plans to delist the company by launching a squeeze-out in a three-month period. The three companies will acquire the remaining shares of the minority shareholders at a price higher or equal to the tender offer price of BGN 90/share. The minority shareholders are obliged to sell their shares in the procedure.