Orange: now owns 59.1% of Business & Decision
(CercleFinance.com) - Through its subsidiary Network Related Services, Orange has finalised the acquisition, at a price of 7.
70 euros per share, of 59.10% of Business & Decision's share capital from the Bensabat family group.
The group has crossed promises on 4.88% of the remaining capital held by the family group that will be acquired following ongoing practice procedures.
As soon as possible, Orange will file with French stockmarket gendarme, the Autorité des Marchés Financiers (AMF), and in accordance with applicable regulations, a simplified tender offer at a price of 7.93 euros per Business & Decision share.
Business & Decision's Board of Directors has been fully renewed following the acquisition, with the appointment of an independent director and three Orange representatives. The Board has appointed Béatrice Felder as CEO and Valérie Lafdal as Deputy CEO in charge of Business & Decision's activities in France.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
70 euros per share, of 59.10% of Business & Decision's share capital from the Bensabat family group.
The group has crossed promises on 4.88% of the remaining capital held by the family group that will be acquired following ongoing practice procedures.
As soon as possible, Orange will file with French stockmarket gendarme, the Autorité des Marchés Financiers (AMF), and in accordance with applicable regulations, a simplified tender offer at a price of 7.93 euros per Business & Decision share.
Business & Decision's Board of Directors has been fully renewed following the acquisition, with the appointment of an independent director and three Orange representatives. The Board has appointed Béatrice Felder as CEO and Valérie Lafdal as Deputy CEO in charge of Business & Decision's activities in France.
Copyright (c) 2018 CercleFinance.com. All rights reserved.