Brief: Proposed Merger With Terrena Signature Of The Sale Agreement Between The Majority Shareholders Of Tipiak S.A. And Terrena

Tipiak SA

21/12/2023 18:03

Dec 21 (Reuters) - Tipiak SA  TIPK.PA :
    * PROPOSED MERGER WITH TERRENA: SIGNATURE OF THE SALE
AGREEMENT
BETWEEN THE MAJORITY SHAREHOLDERS OF TIPIAK S.A. AND TERRENA
WITH A VIEW TO THE ACQUISITION OF A MAJORITY STAKE IN TIPIAK
S.A.
    * ONCE THE ACQUISITION OF THE CONTROL BLOCK HAS BEEN
COMPLETED,
TERRENA WILL FILE A COMPULSORY SIMPLIFIED TENDER OFFER (THE
"OPAS") FOR THE REMAINING TIPIAK SHARES. (THE "OPAS") FOR THE
REMAINING TIPIAK S.A. SHARES AT A PROPOSED PRICE OF S.A. SHARES
AT A PRICE OF €88 PER SHARE.
    * TERRENA INTENDS, IN THE EVENT THAT THE LEGAL THRESHOLD IS
REACHED LEGAL THRESHOLD IS REACHED, TERRENA INTENDS TO IMPLEMENT
A SQUEEZE-OUT OF THE TIPIAK S.A. SHARES NOT TIPIAK S.A. SHARES
NOT TENDERED TO THE PUBLIC SHARE BUYBACK TENDER OFFER IN
ACCORDANCE WITH CURRENT REGULATIONS
    * TIPIAK SA - COMPLETION OF ACQUISITION OF CONTROL BLOCK
WILL
REMAIN SUBJECT TO OBTAINING PRIOR AUTHORISATION OF AUTORITÉ DE
LA CONCURRENCE, EXPECTED TO IN H1 2024.

Source text for Eikon:  ID:nNDLblkTty 
Further company coverage:  TIPK.PA 

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