Brief: SQLI: Proposed Tender Offer From DBAY Advisors To Acquire SQLI Shares

Sqli SA

23/09/2021 16:56

Sept 23 (Reuters) - SQLI SA  SQLI.PA :
    * PROPOSED TENDER OFFER FROM DBAY ADVISORS TO ACQUIRE SQLI
SHARES
    * A FRIENDLY TENDER OFFER AT A PRICE OF €30 PER SHARE,
REPRESENTING A PREMIUM OF APPROXIMATELY 22,5%
    * SQLI BOARD OF DIRECTORS ISSUE POSITIVE RESPONSE ON THE
PRINCIPLE
OF THE OFFER
    * AGREEMENT SIGNED ON THE TERMS OF THE OFFER BETWEEN SQLI
AND DBAY
    * PROPOSED ACQUISITION OF SQLI SHARES BY DBAY, VIA A
DEDICATED
FRENCH COMPANY, BY MEANS OF A CASH PUBLIC TENDER OFFER AT €30
PER SHARE, PLUS A POTENTIAL PRICE SUPPLEMENT OF €0.25 PER SHARE
IF THE 90% SQUEEZE-OUT THRESHOLD IS REACHED AT THE END OF THE
OFFER
    * IT IS PLANNED THAT THE TENDER OFFER WILL BE FILED WITH THE
AMF
IN THE MIDDLE OF THE FOURTH QUARTER OF 2021 AND SETTLED IN THE
FIRST QUARTER OF 2022

Source text for Eikon:  ID:nNDL6d2kzg 
Further company coverage:  SQLI.PA 

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