Brief: Grenadier Holdings Launches Simplified Tender Offer On Paragon ID

Paragon Id SA

19/06/2023 17:10

June 19 (Reuters) - Paragon ID SA  PID.PA :
    * SIMPLIFIED TENDER OFFER ON PARAGON ID INITIATED BY
GRENADIER
HOLDINGS LTD., MAJORITY SHAREHOLDER OF THE COMPANY
    * FRIENDLY TAKEOVER BID BY GRENADIER HOLDINGS LTD., MAJORITY
SHAREHOLDER OF PARAGON ID WITH 80.25% OF THE CAPITAL AND 86.93%
OF THE THEORETICAL VOTING RIGHTS
    * OFFER PRICE EUR 38.01 / SHARE
    * GERNADIER CURRENTLY HOLDS 80.25% OF CAPITAL AND 86.93% OF
VOTES
    * THE OFFER SHOULD BE FILED WITH THE AUTORITÉ DES MARCHÉS
FINANCIERS DURING THE COURSE OF JULY 2023

Source text: https://tinyurl.com/3wev7bm6
Further company coverage:  PID.PA 

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