Brief: Hubwoo announces tender offer by Proactis

Proactis SA

19/10/2017 14:57

Oct 19 (Reuters) - HUBWOO SA  HBWO.PA : 
    * REG-HUBWOO : RELEASE ANNOUNCEMENT OF TENDER OFFER BY 
PROACTIS 
    * PARENT OF HUBWOO'S AROUND 79% SHAREHOLDER, PROACTIS 
EXCEEDED, ON AUG 4, THRESHOLD OF 30 PERCENT OF SHARE CAPITAL AND 
VOTING RIGHTS OF HUBWOO 
    * COMPLETION OF THIS TRANSACTION TRIGGERS AN OBLIGATION ON 
PROACTIS TO LAUNCH TENDER OFFER OVER HUBWOO SHARES 
    * PROACTIS ANTICIPATES FILING TENDER OFFER STATEMENT WITH 
AMF WITHIN COMING WEEKS 
    * PROACTIS IS CONSIDERING POSSIBILITY TO COMPLETE A MERGER 
WITH HUBWOO 
    * UNDER THIS MERGER, HUBWOO'S SHAREHOLDERS WOULD RECEIVE 
PROACTIS' SHARES IN EXCHANGE FOR THEIR HUBWOO'S SHARES 
 
Source text for Eikon:  ID:nGNE1BbXC2  
Further company coverage:  HBWO.PA  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;))