Brief: Boiron Family Shareholders Announce Intent To Launch A Public Tender Offer For Shares

Boiron SA

04/07/2023 16:38

July 4 (Reuters) - Boiron SA  BOIR.PA :
    * FAMILY SHAREHOLDERS OF BOIRON ANNOUNCE THEIR INTENTION TO
LAUNCH
A SIMPLIFIED PUBLIC TENDER OFFER FOR SHARES OF BOIRON SA
    * TRANSACTION IS CONSISTENT WITH GROUP'S CURRENT STRATEGY,
WHICH
DOES NOT REQUIRE SHARES TO REMAIN LISTED, ESPECIALLY GIVEN THEIR
VERY LOW LIQUIDITY
    * STATUS OF UNLISTED COMPANY APPEARS MUCH BETTER SUITED TO
DEVELOPMENT OF BOIRON GROUP
    * BOARD OF DIRECTORS OF BOIRON MET TODAY AND NOTED
CONCLUSION OF
AN EXCLUSIVE AGREEMENT BETWEEN BOIRON FAMILY GROUP AND BOIRON
DEVELOPPEMENT WITH INTENTION OF FILING A SIMPLIFIED COMPULSORY
PUBLIC TENDER OFFER FOR SHARES OF BOIRON AND SUBSEQUENTLY
REQUESTING IMPLEMENTATION OF A SQUEEZE-OUT
    * OFFER PRICE OF EUR39.64 PER BOIRON SHARE, NET OF AMOUNT OF
EXCEPTIONAL DIVIDEND PAID PRIOR TO OPENING OF OFFER
    * REPRESENTS PREMIUMS OF 36.0% OVER LAST CLOSING PRICE PRIOR
TO
THIS ANNOUNCEMENT

Source text for Eikon:  ID:nACT80783 
Further company coverage:  BOIR.PA 

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