Orange: friendly tender offer on Business&Decision's shares
(CercleFinance.com) - Orange announces this Friday that from today, through its subsidiary Network Related Services, it is launching a friendly takeover bid for all the shares of Business & Decision that it does not yet own, at a price of 7.
93 euros per share.
This offer is open until 19 July, and follows on from the 5 June purchase of 59.1% of Business & Decision's capital from the Bensabat family at a price of 7.70 euros per share.
"If, at the end of the offer, the minority shareholders hold no more than 5% of the capital or the voting rights of Business & Decision, Orange will request a squeeze-out at the tender offer price of 7.93 euros per share," Orange says.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
93 euros per share.
This offer is open until 19 July, and follows on from the 5 June purchase of 59.1% of Business & Decision's capital from the Bensabat family at a price of 7.70 euros per share.
"If, at the end of the offer, the minority shareholders hold no more than 5% of the capital or the voting rights of Business & Decision, Orange will request a squeeze-out at the tender offer price of 7.93 euros per share," Orange says.
Copyright (c) 2018 CercleFinance.com. All rights reserved.