Ingenico: proposed takeover bid filed with AMF
(CercleFinance.com) - BNP Paribas, Morgan Stanley Europe, Natixis and Société Générale, acting on behalf of Worldline, have filed with the AMF a draft takeover bid for the shares and convertible bonds of Ingenico, for a project that was announced on 3 February.
The payment solutions group's proposed offer includes a mixed offer as a principal offer, providing for the delivery, for every seven Ingenico shares tendered, of 11 Worldline shares to be issued and 160.50 euros in cash.
On a subsidiary basis, it also includes a public exchange offer of 56 Worldline shares to be issued for 29 Ingenico shares tendered, as well as a public tender offer of 123.10 euros per Ingenico share.
Shareholders will be able to tender either to the main offer, or to one or both of the subsidiary offers, or to a combination of all three. Subsidiary offers are capped at an aggregate of 81% in Worldline shares and 19% in cash.
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The payment solutions group's proposed offer includes a mixed offer as a principal offer, providing for the delivery, for every seven Ingenico shares tendered, of 11 Worldline shares to be issued and 160.50 euros in cash.
On a subsidiary basis, it also includes a public exchange offer of 56 Worldline shares to be issued for 29 Ingenico shares tendered, as well as a public tender offer of 123.10 euros per Ingenico share.
Shareholders will be able to tender either to the main offer, or to one or both of the subsidiary offers, or to a combination of all three. Subsidiary offers are capped at an aggregate of 81% in Worldline shares and 19% in cash.
Copyright (c) 2020 CercleFinance.com. All rights reserved.