Brief: Vilmorin & Cie: Tender Offer On Group's Shares will Be Open From June 22 To July 17

Vilmorin & Cie SA

21/06/2023 17:11

June 21 (Reuters) - Vilmorin & Cie SA  VILM.PA :
    * LAUNCH OF THE SIMPLIFIED PUBLIC TENDER OFFER ON VILMORIN &
CIE
SHARES FOLLOWED BY A POTENTIAL MANDATORY WITHDRAWAL
    * THE OFFER WILL BE OPEN FROM JUNE 22, 2023, TO JULY 17,
2023,
INCLUSIVE
    * PRICE OF EUR 62.60 EURO PER SHARE REPRESENTS A PREMIUM OF
45.4%
COMPARED TO LAST CLOSING SHARE PRICE BEFORE ANNOUNCEMENT OF
OFFER
    * VILMORIN & CIE'S BOARD OF DIRECTORS DEEMED OFFER DEEMED
FAVORABLE TO INTERESTS OF COMPANY'S SHAREHOLDERS AND ITS
EMPLOYEES
    * BPIFRANCE PARTICIPATIONS, VILMORIN & CIE'S LARGEST
SHAREHOLDER
AFTER GROUPE LIMAGRAIN, WILL CONTRIBUTE ITS STAKE TO OFFER,
WHICH REPRESENTS 5.71% OF COMPANY'S CAPITAL
    * LIMAGRAIN INTENDS TO IMPLEMENT A MANDATORY WITHDRAWAL IF
MINORITY SHAREHOLDERS DO NOT REPRESENT MORE THAN 10% OF CAPITAL
AND VOTING RIGHTS AT END OF OFFER

Source text for Eikon:  ID:nGNE6Hdyb8 
Further company coverage:  VILM.PA 

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