Brief: Miramar Announces Hostile Tender Offer On Micropole

Micropole SA

25/03/2024 09:01

March 25 (Reuters) - Micropole SA  ALMIC.PA :
    * MIRAMAR ANNOUNCES THE FILING OF A PROPOSED TENDER OFFER
FOR THE
ENTIRE SHARE CAPITAL OF MICROPOLE'S SHARE CAPITAL
    * OFFER PRICE: EUR 1.50 PER SHARE IN CASH, AN IMMEDIATE
LIQUIDITY
OFFER  AT A 44% PREMIUM TO THE CLOSING SHARE PRICE
    * COMMITMENTS TO CONTRIBUTE TO THE OFFER BY NEXTSTAGE AM AND
DORVAL AM, THE MAIN  INSTITUTIONAL INVESTORS HOLDING 20.9% OF
MICROPOLE'S CAPITAL
    * THE PRICE REPRESENTS A PREMIUM OF 44.2% OVER THE CLOSING
PRICE
OF MICROPOLE SHARES ON MARCH 22, 2024 (EUR 1.04) PRIOR TO THE
ANNOUNCEMENT OF THIS PROPOSED OFFER
    * PREMIUM OF 41.2% AND 39.5% RESPECTIVELY OVER THE
VOLUME-WEIGHTED
AVERAGE PRICES FOR THE LAST MONTH AND THE LAST 3 MONTHS PRIOR TO
THE ANNOUNCEMENT

Further company coverage:  ALMIC.PA 

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