Boiron shares soar after family shareholders announce public tender offer plan

Boiron SA

05/07/2023 08:32

July 5 (Reuters) -    ** Shares in Boiron  BOIR.AS 
rise 23%​ after the French pharmaceutical company's family
shareholders on Tuesday announced an intention to launch a
simplified public tender offer for shares
    ** The transaction will be priced at 39.64 euros per Boiron
share, compared to Tuesday's close price of 39.45 euros per
share
    ** "The Transaction is consistent with the Group's current
strategy, which does not require the shares to remain listed,"
the group said in a statement on Tuesday
    ** "The status of unlisted company appears much better
suited to the development of the BOIRON Group," it added
        ** Up to the previous session's close, shares were down
22.2%​ YTD
    ** Shares outperform the SBF120 index  .SBF120 , which falls
0.3%, and are on track for their best day ever

($1 = 0.9084 euros)

 (Reporting by Dina Kartit)
 ((dina.kartit@thomsonreuters.com))