Brief: D and D International To Submit Tender Offer For Remaining Shares Of St Dupont

St Dupont SA

21/10/2021 14:25

Oct 21 (Reuters) - St Dupont SA  DPTP.PA :
    * SIMPLIFIED TENDER OFFER ON S.T. DUPONT'S SHARES FOR EUR
0.14 PER
S.T. DUPONT SHARE, FOLLOWED BY A MANDATORY SQUEEZE-OUT
    * OFFER WILL BE FILED IN CONTEXT OF OFFEROR'S DECISION TO
DIVERSIFY BUSINESS ACTIVITIES OF COMPANY, COUPLED WITH AN
EXPANSION OF ITS RETAIL NETWORK
    * COMPANY IS NOT ABLE TO FINANCE INVESTMENT REQUIRED TO
DELIVER
ABOVE OBJECTIVES THROUGH ITS CURRENT BALANCE SHEET, AND
THEREFORE ADDITIONAL INVESTMENT INTO COMPANY IS REQUIRED
    * OFFER PRICE WILL REPRESENT A PREMIUM OF 57.7% OVER CLOSING
SHARE
PRICE ON 20 OCTOBER 2021
    * THE OFFEROR IS  D AND D INTERNATIONAL B.V
    * OFFEROR WHO ALREADY HOLDS 79.71% OF ST DUPONT'S SHARE
CAPITAL,
INTENDS TO BUY REMAINING SHARES

Source text for Eikon:  ID:nGNEcB7mT 
Further company coverage:  DPTP.PA 

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