Refile: BRIEF-Brookfield Enters Negotiations To Buy Majority Of NEOEN And Launch Mandatory Tender Offer

Neoen SA

30/05/2024 06:06

(Refiles to fix headline formatting, no change to text.)
       May 30 (Reuters) - Neoen SA  NEOEN.PA :
    * BROOKFIELD ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH IMPALA
AND
OTHER SHAREHOLDERS
    * NEGOTIATIONS TO ACQUIRE MAJORITY STAKE IN NEOEN AND LAUNCH
A
MANDATORY TENDER OFFER FOR 100% OF COMPANY
    * ACQUISITION PRICE REPRESENTS A 26.9% PREMIUM OVER THE LAST
CLOSING PRICE
    * DEAL PRICE OF 39.85 EUROS PER SHARE
    * SUBJECT TO CLOSING OF BLOCK ACQUISITION, BROOKFIELD WOULD
FILE
ALL-CASH MANDATORY TENDER OFFER FOR ALL REMAINING SHARES
    * BROOKFIELD HAS INTENTION OF IMPLEMENTING A SQUEEZE OUT
    * NEOEN BOARD OF DIRECTORS HAS UNANIMOUSLY WELCOMED
BROOKFIELD’S
PROPOSAL

Source text: https://tinyurl.com/58xwxvmv
Further company coverage:  NEOEN.PA 

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