SDC Issues Offer for Tatra

SDC International has issued its binding offer to acquire 91.62% of the 100-year-old Czech truck maker, Tatra as. The tender includes the share purchase agreement and investment agreement executed by SDC, along with a $500,000 tender deposit required by the Czech government's selling agent, Odien Restructuring Services. According to the official Czech News Agency CTK, the offer will be assessed by Odien and top management at Tatra. They then will submit a recommendation to the government.