Head has launched a new tender offer to buy back its shares, but this time it's not conditional on the number of shares tendered, and the company is offering to pay only €1.60 a share instead of the previously offered price of €1.90. According to Head, shareholders who own more than ten million shares are supporting the new plan, which is set to expire on April 17. The company announced the new plan after dropping its previous offer, which resulted in commitments for only 86.1 percent of the 19,214,042 shares needed to go ahead with the buyback proposal, after many trials. Head stated that the new offer will not be extended or amended.

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