Sopra Steria: public offer continues for Ordina
(CercleFinance.com) - On 21 March, Sopra Steria and Ordina jointly announced that they had reached a conditional agreement on a recommended all-cash public offer to be launched by Sopra Steria for all of Ordina's issued and outstanding ordinary shares at a price of E5.
75 per share, plus dividend.
Based on the information currently available and Ordina's current activities, Sopra Steria and Ordina have today determined that the public offer and the transactions contemplated thereunder do not fall within the scope of the applicable legislation on foreign direct investment.
Consequently, Sopra Steria and Ordina will not prepare or file any notification with the supervisory authorities regarding the proposed transaction.
For clarity in the matter, the foregoing does not relate to the merger control file to be filed with the European Commission.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
75 per share, plus dividend.
Based on the information currently available and Ordina's current activities, Sopra Steria and Ordina have today determined that the public offer and the transactions contemplated thereunder do not fall within the scope of the applicable legislation on foreign direct investment.
Consequently, Sopra Steria and Ordina will not prepare or file any notification with the supervisory authorities regarding the proposed transaction.
For clarity in the matter, the foregoing does not relate to the merger control file to be filed with the European Commission.
Copyright (c) 2023 CercleFinance.com. All rights reserved.