Concordia Confirms Its Intention To File Simplified Tender Offer

Rothschild & Co SCA

13/02/2023 16:45

Feb 13 (Reuters) - Rothschild & Co SCA  ROTH.PA :
    * CONCORDIA CONFIRMS ITS INTENTION TO FILE A SIMPLIFIED
TENDER
OFFER FOR ROTHSCHILD & CO SHARES
    * PRICE OF €48 PER SHARE (WITH RIGHT TO DISTRIBUTIONS
ATTACHED)
WITH A VIEW TO REQUESTING IMPLEMENTATION OF SQUEEZE-OUT
    * PLANS TO  PROPOSE PAYMENT OF AN ORDINARY DIVIDEND OF €1.4
PER
SHARE
    * PLANS TO  PROPOSE PAYMENT OF AN EXCEPTIONAL DISTRIBUTION
OF
RESERVES OF €8.0 PER SHARE
    * SUCH EXCEPTIONAL DISTRIBUTION WOULD BE CONDITIONAL UPON
CONCORDIA’S FINAL DECISION TO FILE THE OFFER
    * TOTAL AMOUNT OF THESE TWO DISTRIBUTIONS WOULD REDUCE THE
ANNOUNCED OFFER PRICE BY THE SAME AMOUNT

Source text: https://bit.ly/3IipS6I
Further company coverage:  ROTH.PA 
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