Mr Bricolage shares suspended pending statement

Mr Bricolage SA

23/03/2015 09:14

PARIS, March 23 (Reuters) - Shares in French home 
improvement retailer Mr Bricolage  MBRI.PA  were suspended on 
Monday at the request of the company and pending the release of 
a statement, Euronext said on Monday. 
    In April 2014 Kingfisher  KGF.L , Europe's No. 1 home 
improvement retailer, made a bid to buy Mr Bricolage to beef up 
its position in France, its most profitable 
market. ID:nL5N0MV17N .  
    Kingfisher said it had entered exclusive negotiations with 
Mr Bricolage's two main shareholders to buy their shareholding 
for 15 euros a share subject to anti-trust clearance. It said 
the enterprise value of the deal was 275 million euros ($297 
million).   
    Subsequently Kingfisher was to make a mandatory offer to buy 
Mr Bricolage shares held by minority shareholders. 
    Mr Bricolage said earlier this month that the deal with the 
major shareholders had been submitted to anti-trust authorities 
on Jan. 26 and that the clearance process was under way. 
    Mr Bricolage and Kingfisher could not be immediately reached 
for comment. 
    Mr Bricolage shares closed at 14.50 euros on March 20 
valuing the coompany's stock at 150 million euros. 
    ($1 = 0.9273 euros) 
 
 (Reporting by Dominique Vidalon; Editing by Andrew Callus) 
 ((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters 
Messaging: dominique.vidalon.reuters.com@reuters.net)) 
 
Keywords: BRICOLAGE STOCKS/