Brief: Pierre Et Vacances Receives Binding Offer from Mubadala Capital
BRIEF-Pierre Et Vacances Receives Binding Offer from Mubadala Capital June 22 (Reuters) - Pierre et Vacances SA PVAC.PA :
RECEIVES FULLY FINANCED BINDING OFFER FROM MUBADALA CAPITAL
BOARD OF DIRECTORS WELCOMES MUBADALA CAPITAL OFFER
OFFER TERMS: €1.9 PER SHARE 'CUM DISTRIBUTION', UP TO €2 PER SHARE WITH TOP-UP
OFFER SUBJECT TO 80% TENDER CONDITION BY JULY 17, 2026
TENDER OFFER FILING EXPECTED IN FIRST QUARTER 2027
MUBADALA CAPITAL WILL IMPLEMENT A SQUEEZE-OUT FOR ALL COMPANY SECURITIES AND DELIST THE COMPANY IF THE CONDITIONS ARE MET UPON COMPLETION OF THE TENDER OFFER
Source text: Full press release
Further company coverage: PVAC.PA
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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