Orange: buyout offer on Business & Decision's minorities
(CercleFinance.com) - Orange announces its intention to file a minority buyout offer project, followed by a compulsory squeeze-out on Business & Decision shares at a price of 7.
93 euros per share.
Orange Business Services SA, a fully owned subsidiary of Orange SA, holds 93.62% of Business & Decision's capital and 93.42% of its voting rights.
Given Orange group's current shareholding, a squeeze-out at the same price will be implemented after the public offer.
The proposed offer will be submitted to the AMF for review and is expected to be submitted at the end of February 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
93 euros per share.
Orange Business Services SA, a fully owned subsidiary of Orange SA, holds 93.62% of Business & Decision's capital and 93.42% of its voting rights.
Given Orange group's current shareholding, a squeeze-out at the same price will be implemented after the public offer.
The proposed offer will be submitted to the AMF for review and is expected to be submitted at the end of February 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.