Brief: Rothschild & Co Updates On Intention Of Concordia To Launch Simplified Tender Offer

Rothschild & Co SCA

10/05/2023 07:05

May 10 (Reuters) - Rothschild & Co SCA  ROTH.PA :
    * UPDATE ON INTENTION OF CONCORDIA TO LAUNCH A SIMPLIFIED
TENDER
OFFER
    * INTENTION IS NOW TO IMPLEMENT PROPOSED EXCEPTIONAL
DISTRIBUTION
OF RESERVES OF 8 EUROS PER SHARE BY ROTHSCHILD & CO AFTER
CLEARANCE OF THE OFFER BY AMF AND PRIOR TO OPENING
    * CONCORDIA’S INTENTION IS TO FILE THE OFFER AT A PRICE OF
46.6
EUROS (CUM EXCEPTIONAL DISTRIBUTION) PER SHARE
    * SUCH 46.6 EUROS PRICE WOULD THEN BE ADJUSTED TO 38.6 EUROS
(EX-DISTRIBUTION) FROM THE EX-DATE OF THE EXCEPTIONAL
DISTRIBUTION OF RESERVES
    * CONCORDIA INTENDS TO PURCHASE ROTHSCHILD & CO SHARES AT
46.6
EUROS (CUM EXCEPTIONAL DISTRIBUTION)

Source text: https://bit.ly/44PQXaH
Further company coverage:  ROTH.PA 

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