The friendly takeover of Altacom, a subsidiary of the developer of shopping centers Altarea Cogedim, on the site e-commerce Rue du Commerce, will take place at a price of 9 euros per share of 16 December 2011 to January 20, 2012, according to a notice financial press report Thursday
The tender offer on Trade Street was declared "complete" by the Financial Markets Authority (AMF) TuesdayThis will develop the site to 100 million euros
The Competition Authority had, it was announced on December 5 have cleared without conditions to the takeover of Rue du Commerce by Altarea-Cogedim, a purchase of 28.64% stake in Rue du Commerce by the land, the founders and the Apax funds before the launch of the bid
Also with the securities purchased on the market in early November, Altarea Cogedim currently holds 29.77% of capital and 29.40% of voting rights in Rue du Commerce
The OPA therefore focuses on the remaining 70.23%, but the AMF said in its decision qu'Altarea does not intend to withdraw from the Rue du Commerce dimension via a squeeze, if not all titles n were not tendered
Source: AFP |
